Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $48.02 and traded as low as $44.60. Descartes Systems Group shares last traded at $44.84, with a volume of 80,102 shares changing hands.
A number of research firms have commented on DSG. Barclays upped their price target on Descartes Systems Group from C$55.00 to C$61.00 in a research report on Thursday, May 30th. BMO Capital Markets set a C$43.00 price target on Descartes Systems Group and gave the company a “market perform” rating in a research report on Friday, May 31st.
The stock’s 50-day moving average is C$47.97. The firm has a market capitalization of $3.88 billion and a price-to-earnings ratio of 112.15. The company has a debt-to-equity ratio of 46.17, a quick ratio of 0.79 and a current ratio of 0.94.
Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its quarterly earnings results on Wednesday, May 29th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.06). The business had revenue of C$103.71 million during the quarter, compared to analyst estimates of C$106.22 million. As a group, equities research analysts anticipate that Descartes Systems Group Inc will post 0.54 earnings per share for the current fiscal year.
Descartes Systems Group Company Profile (TSE:DSG)
The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.
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