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

Key Points

• Clairvest Group's stock price recently surpassed its 50-day moving average of C$73.86, trading as high as C$75.05, marking a 2.5% increase.
• The company has declared an annual dividend of $0.10 per share, which reflects a 13.0% dividend yield.
• Clairvest Group has a market capitalization of C$1.08 billion and a P/E ratio of 12.97, highlighting its financial standing in the market.

Clairvest Group Inc. (TSE:CVG - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$73.86 and traded as high as C$75.05. Clairvest Group shares last traded at C$75.00, with a volume of 1,095 shares changing hands.

Clairvest Group Stock Performance

The company has a market cap of C$1.08 billion, a P/E ratio of 12.97 and a beta of -0.03. The company has a fifty day moving average price of C$74.01 and a two-hundred day moving average price of C$70.86.

Clairvest Group Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 25th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, July 4th. This represents a dividend yield of 13.0%. Clairvest Group's dividend payout ratio (DPR) is currently 1.73%.

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.