Clairvest Group (TSE:CVG) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of Clairvest Group Inc. (TSE:CVG) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$71.99 and traded as low as C$70.19. Clairvest Group shares last traded at C$70.43, with a volume of 6,833 shares traded.

Clairvest Group Trading Down 0.8%

The stock has a market cap of C$963.55 million, a price-to-earnings ratio of 13.54 and a beta of 0.01. The firm’s 50-day moving average is C$71.99 and its two-hundred day moving average is C$71.55.

Clairvest Group (TSE:CVG) last posted its quarterly earnings data on Wednesday, February 11th. The company reported C$7.65 earnings per share (EPS) for the quarter. Clairvest Group had a return on equity of 7.14% and a net margin of 66.09%.The company had revenue of C$129.98 million for the quarter.

Clairvest Group Company Profile

Clairvest Group Inc is a Canadian equity investment firm. The company invests in and partners with the management teams of business that have the potential to create average returns in their respective industries. Clairvest contributes financing and strategic expertise to support the growth and development of its investee companies in order to create realizable value for all shareholders. It invests its own capital into entrepreneurial corporations.