The Descartes Systems Group (TSE:DSG) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• The Descartes Systems Group shares fell below their 200-day moving average during trading, reaching as low as C$136.18 before settling at C$137.47.
• In their latest earnings report, the company posted an EPS of C$0.41, which was below analyst expectations of C$0.59.
• Insider activity included Senior Officer Peter Nguyen buying 730 shares at C$137.38, while Kenneth Edward Wood sold 22,447 shares at C$134.29.

Shares of The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$146.27 and traded as low as C$136.18. The Descartes Systems Group shares last traded at C$137.47, with a volume of 281,521 shares trading hands.

The Descartes Systems Group Trading Up 1.4%

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 business has a 50 day moving average of C$140.52 and a 200-day moving average of C$146.27. The stock has a market cap of C$8.33 billion, a PE ratio of 60.38, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74.

The Descartes Systems Group (TSE:DSG - Get Free Report) NASDAQ: DSGX last posted its earnings results on Wednesday, June 4th. The company reported C$0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.59 by C($0.18). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same period in the previous year, the business posted $0.43 earnings per share. On average, analysts anticipate that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current year.

Insider Activity at The Descartes Systems Group

In related news, Senior Officer Peter Nguyen bought 730 shares of The Descartes Systems Group stock in a transaction that occurred on Monday, June 23rd. The shares were purchased at an average price of C$137.38 per share, with a total value of C$100,287.40. Following the purchase, the insider owned 730 shares in the company, valued at C$100,287.40. This represents a ∞ increase in their ownership of the stock. Also, Senior Officer Kenneth Edward Wood sold 22,447 shares of the company's stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of C$134.29, for a total value of C$3,014,407.63. 0.02% of the stock is owned by corporate insiders.

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).

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