The Descartes Systems Group (TSE:DSG) Stock Passes Below 200 Day Moving Average – Should You Sell?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$104.69 and traded as low as C$101.43. The Descartes Systems Group shares last traded at C$102.86, with a volume of 252,179 shares trading hands.

Wall Street Analysts Forecast Growth

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 analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

The Descartes Systems Group Stock Down 0.3%

The stock’s 50-day moving average is C$98.92 and its 200-day moving average is C$104.69. The company has a market cap of C$8.81 billion, a price-to-earnings ratio of 51.17, a P/E/G ratio of 2.39 and a beta of 0.11. 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 Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported C$0.75 earnings per share (EPS) for the quarter. The business had revenue of C$262.96 million for the quarter. The Descartes Systems Group had a return on equity of 11.26% and a net margin of 23.35%. On average, analysts anticipate that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current fiscal year.

Insider Activity at The Descartes Systems Group

In other The Descartes Systems Group news, insider Edward Ryan sold 34,193 shares of the 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 value of C$3,067,112.10. Following the transaction, the insider owned 44,539 shares in the company, 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 on Monday, April 13th. The stock was sold at an average price of C$90.83, for a total transaction of C$1,831,405.29. Following the transaction, the director owned 127,639 shares in the company, valued at approximately C$11,593,450.37. The trade was a 13.64% decrease in their position. 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.