Clairvest Group (TSE:CVG) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Clairvest Group Inc. (TSE:CVG) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$79.54 and traded as high as C$81.16. Clairvest Group shares last traded at C$81.16, with a volume of 381 shares.

Clairvest Group Price Performance

The stock has a market capitalization of C$1.09 billion, a price-to-earnings ratio of 8.00 and a beta of 0.16. The company has a 50 day simple moving average of C$79.67 and a 200-day simple moving average of C$76.32.

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

Clairvest Group Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 24th were issued a $0.10 dividend. This represents a yield of 13.0%. The ex-dividend date was Friday, July 3rd. Clairvest Group’s dividend payout ratio (DPR) 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.