Clairvest Group (TSE:CVG) Shares Cross Above 50 Day Moving Average – Time to Sell?

Clairvest Group Inc. (TSE:CVG) passed above its 50 day moving average during trading on Thursday . The stock has a 50 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.

Clairvest Group Trading Down 6.7%

The company has a market cap of C$1.09 billion, a PE ratio of 8.01 and a beta of 0.16. The company’s 50 day moving average is C$78.70 and its 200 day moving average is C$75.87.

Clairvest Group (TSE:CVG) last released its quarterly earnings data 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 net margin of 81.94% and a return on equity of 11.06%.

Clairvest Group Dividend Announcement

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