Clairvest Group (TSE:CVG) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Clairvest Group Inc. (TSE:CVG)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$78.70 and traded as high as C$84.99. Clairvest Group shares last traded at C$81.18, with a volume of 1,004 shares changing hands.

Clairvest Group Trading Down 0.0%

The stock has a fifty day simple moving average of C$78.80 and a two-hundred day simple moving average of C$75.90. The company has a market cap of C$1.09 billion, a PE ratio of 8.00 and a beta of 0.16.

Clairvest Group (TSE:CVG) last released its earnings results on Friday, August 14th. The company reported C$3.61 earnings per share (EPS) for the quarter. The company had revenue of C$74.27 million for the quarter. Clairvest Group had a return on equity of 11.06% and a net margin of 81.94%.

Clairvest Group Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 24th were given a $0.10 dividend. The ex-dividend date was Friday, July 3rd. This represents a yield of 13.0%. Clairvest Group’s dividend payout ratio is presently 0.99%.

About Clairvest Group

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.