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Clairvest Group (TSE:CVG) Stock Price Crosses Below Fifty Day Moving Average - Should You Sell?

Clairvest Group logo with Financial Services background

Key Points

  • Clairvest Group's stock price fell below its 50-day moving average of C$74.50, trading as low as C$69.65.
  • The company announced an annual dividend of $0.10 per share, resulting in a dividend yield of 13.0%.
  • Clairvest Group has a market cap of C$1.00 billion and a price-to-earnings ratio of 12.05, indicating its performance metrics in the market.
  • Need better tools to track Clairvest Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Shares of Clairvest Group Inc. (TSE:CVG - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$74.50 and traded as low as C$69.65. Clairvest Group shares last traded at C$69.65, with a volume of 527 shares trading hands.

Clairvest Group Price Performance

The firm's 50 day simple moving average is C$74.41 and its two-hundred day simple moving average is C$71.27. The stock has a market cap of C$990.91 million, a P/E ratio of 8.38 and a beta of -0.02.

Clairvest Group Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 25th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, July 4th. This represents a yield of 13.0%. Clairvest Group's payout ratio is presently 1.20%.

About Clairvest Group

(Get Free Report)

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.

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