Clairvest Group (TSE:CVG) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Clairvest Group Inc. (TSE:CVG) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$76.35 and traded as high as C$78.00. Clairvest Group shares last traded at C$78.00, with a volume of 550 shares.

Clairvest Group Stock Up 0.6%

The company has a market cap of C$1.04 billion, a price-to-earnings ratio of 9.70 and a beta of 0.16. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.73 and a current ratio of 19.89. The business has a 50-day simple moving average of C$76.35 and a 200-day simple moving average of C$74.51.

Clairvest Group (TSE:CVG) last issued its earnings results on Thursday, June 25th. The company reported C$4.56 earnings per share for the quarter. Clairvest Group had a net margin of 57.92% and a return on equity of 9.03%. The firm had revenue of C$99.50 million for the quarter.

Clairvest Group Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 24th were issued a $0.10 dividend. This represents a dividend yield of 13.0%. The ex-dividend date was Friday, July 3rd. Clairvest Group’s dividend payout ratio (DPR) is presently 1.24%.

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.