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

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares 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 trading hands.

Analysts Set New Price Targets

DSG has been the topic of a number of recent research reports. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a report on Tuesday, July 14th. Rothschild & Co Redburn upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Four research 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 has an average rating of “Strong Buy”.

The Descartes Systems Group Stock Down 4.0%

The stock has a market cap of C$8.23 billion, a P/E ratio of 47.77, a P/E/G ratio of 2.39 and a beta of 0.13. 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’s fifty day moving average is C$100.41 and its 200 day moving average is C$100.29.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its quarterly earnings results on Wednesday, June 3rd. The company reported C$0.75 earnings per share (EPS) for the quarter. The Descartes Systems Group had a net margin of 23.35% and a return on equity of 11.26%. The company had revenue of C$262.95 million during the quarter. As a group, equities research analysts forecast that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current year.

Insider Buying and Selling at The Descartes Systems Group

In related news, insider William Chad Murphy sold 2,772 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of C$101.05, for a total transaction of C$280,110.60. Corporate insiders own 0.02% of the company’s stock.

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.