The Descartes Systems Group (TSE:DSG) Sets New 52-Week Low – Time to Sell?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as C$87.62 and last traded at C$87.92, with a volume of 167042 shares. The stock had previously closed at C$94.09.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James Financial raised The Descartes Systems Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 4th. Barclays upgraded The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, TD Securities upgraded The Descartes Systems Group to a “strong-buy” rating in a research note on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

The Descartes Systems Group Stock Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.85 and a current ratio of 1.34. The stock has a market cap of C$7.70 billion, a PE ratio of 50.32, a price-to-earnings-growth ratio of 2.39 and a beta of 0.30. The firm has a fifty day moving average price of C$113.95 and a 200 day moving average price of C$125.88.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its earnings results on Wednesday, December 3rd. The company reported C$0.70 earnings per share (EPS) for the quarter. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%.The company had revenue of C$263.74 million for the quarter. Research analysts forecast that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current fiscal year.

About The Descartes Systems Group

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.