The Descartes Systems Group (TSE:DSG) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$105.36 and traded as low as C$96.64. The Descartes Systems Group shares last traded at C$98.90, with a volume of 365,367 shares changing hands.

Analyst Ratings Changes

Separately, Rothschild & Co Redburn upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Three equities research 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 stock currently has an average rating of “Strong Buy”.

The Descartes Systems Group Stock Performance

The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.52. The company has a market cap of C$8.50 billion, a P/E ratio of 52.89, a price-to-earnings-growth ratio of 2.39 and a beta of 0.14. The company’s 50-day moving average price is C$97.62 and its two-hundred day moving average price is C$105.36.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C$0.65 EPS for the quarter. The Descartes Systems Group had a net margin of 22.47% and a return on equity of 10.76%. The company had revenue of C$239.67 million during the quarter. As a group, equities analysts forecast that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current year.

Insider Transactions at The Descartes Systems Group

In other The Descartes Systems Group news, insider Edward Ryan sold 34,193 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of C$89.70, for a total transaction of C$3,067,112.10. Following the completion of the sale, the insider directly owned 44,539 shares of the company’s stock, valued at approximately C$3,995,148.30. This represents a 43.43% decrease in their ownership of the stock. Also, Director John Scott Pagan sold 20,163 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of C$90.83, for a total transaction of C$1,831,405.29. Following the sale, the director directly owned 127,639 shares of the company’s stock, valued at C$11,593,450.37. This represents a 13.64% decrease in their ownership of the stock. 0.02% of the stock is currently owned by corporate insiders.

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.