The Descartes Systems Group (TSE:DSG) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$100.29 and traded as low as C$95.54. The Descartes Systems Group shares last traded at C$96.01, with a volume of 339,285 shares.

Wall Street Analyst Weigh In

Several brokerages have commented on DSG. National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Tuesday, July 14th. Rothschild & Co Redburn raised The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Four investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, The Descartes Systems Group has a consensus rating of “Strong Buy”.

The Descartes Systems Group Stock Up 3.9%

The firm has a 50 day moving average price of C$100.42 and a 200-day moving average price of C$100.11. The company has a current ratio of 2.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm has a market cap of C$8.25 billion, a PE ratio of 47.88, a PEG ratio of 2.39 and a beta of 0.13.

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 for the quarter. The firm had revenue of C$262.95 million for the quarter. The Descartes Systems Group had a net margin of 23.35% and a return on equity of 11.26%. Research analysts forecast that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

Insider Transactions at The Descartes Systems Group

In other The Descartes Systems Group news, insider William Chad Murphy sold 2,772 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of C$101.05, for a total transaction of C$280,110.60. 0.02% of the stock is owned by corporate insiders.

The Descartes Systems Group Company Profile

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.