The Descartes Systems Group (TSE:DSG) Share Price Passes Below 200 Day Moving Average – Here’s Why

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$131.09 and traded as low as C$116.78. The Descartes Systems Group shares last traded at C$117.01, with a volume of 387,298 shares trading hands.

Wall Street Analysts Forecast Growth

DSG has been the subject of several recent analyst reports. Barclays upgraded The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. 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. Finally, TD Securities raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Friday, December 5th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, The Descartes Systems Group currently has a consensus rating of “Strong Buy”.

The Descartes Systems Group Stock Down 3.5%

The firm has a 50-day moving average of C$120.05 and a two-hundred day moving average of C$131.09. The firm has a market cap of C$10.06 billion, a price-to-earnings ratio of 65.74, a PEG ratio of 2.39 and a beta of 0.44. The company has a current ratio of 1.34, a quick ratio of 1.85 and a debt-to-equity ratio of 0.51.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported C$0.70 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. As a group, sell-side analysts predict 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.