Clairvest Group (TSE:CVG) Sets New 52-Week High – Here’s What Happened

Clairvest Group Inc. (TSE:CVG) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$86.50 and last traded at C$86.50, with a volume of 1276 shares changing hands. The stock had previously closed at C$81.50.

Clairvest Group Stock Performance

The stock has a 50 day simple moving average of C$77.25 and a 200 day simple moving average of C$75.14. The company has a market cap of C$1.16 billion, a price-to-earnings ratio of 10.76 and a beta of 0.16. The company has a quick ratio of 2.73, a current ratio of 19.89 and a debt-to-equity ratio of 0.53.

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

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 is currently 1.24%.

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.