Clairvest Group (TSE:CVG) Shares Break Below 50-Day Moving Average – Should You Sell?

Clairvest Group Inc. (TSE:CVG)’s share price crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of C$81.20 and traded as low as C$80.50. Clairvest Group shares last traded at C$81.00, with a volume of 500 shares.

Clairvest Group Stock Performance

The firm has a market capitalization of C$1.08 billion, a PE ratio of 7.99 and a beta of 0.18. The company’s 50-day moving average price is C$81.20 and its 200-day moving average price is C$77.67.

Clairvest Group (TSE:CVG) last announced its quarterly 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 during the quarter. Clairvest Group had a return on equity of 11.06% and a net margin of 81.94%.

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.