The Descartes Systems Group (TSE:DSG) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$99.39 and traded as high as C$101.66. The Descartes Systems Group shares last traded at C$101.09, with a volume of 253,868 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Rothschild & Co Redburn upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

The Descartes Systems Group Trading Up 0.3%

The firm has a market cap of C$8.74 billion, a PE ratio of 50.74, a PEG ratio of 2.39 and a beta of 0.13. The company has a quick ratio of 1.85, a current ratio of 2.05 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is C$99.54 and its two-hundred day simple moving average is C$101.54.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its earnings results on Wednesday, June 3rd. The company reported C$0.75 earnings per share (EPS) for the quarter. The Descartes Systems Group had a net margin of 23.35% and a return on equity of 11.26%. The firm had revenue of C$262.95 million during the quarter. On average, sell-side analysts forecast that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

Insider Activity at The Descartes Systems Group

In related news, insider Edward Ryan sold 34,193 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of C$89.70, for a total transaction of C$3,067,112.10. Following the completion of the transaction, the insider owned 44,539 shares of the company’s stock, valued at C$3,995,148.30. This trade represents a 43.43% decrease in their position. Also, Director John Scott Pagan sold 20,163 shares of The Descartes Systems Group stock in a transaction on Monday, April 13th. The shares were sold at an average price of C$90.83, for a total value of C$1,831,405.29. Following the transaction, the director owned 127,639 shares of the company’s stock, valued at C$11,593,450.37. The trade was a 13.64% decrease in their position. Insiders sold a total of 57,128 shares of company stock valued at $5,178,628 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

About The Descartes Systems Group

Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (‘GLN’). Shippers, carriers, and logistics service providers connect and collaborate on the GLN, leveraging technology, data and artificial intelligence (‘AI’) to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes.