The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$109.49 and traded as low as C$99.47. The Descartes Systems Group shares last traded at C$100.33, with a volume of 208,691 shares traded.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on DSG. Barclays raised The Descartes Systems Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 12th. Rothschild & Co Redburn raised The Descartes Systems Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 16th. Three analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, The Descartes Systems Group currently has a consensus rating of "Strong Buy".
Check Out Our Latest Stock Analysis on DSG
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 stock has a fifty day moving average price of C$96.73 and a 200-day moving average price of C$109.49. The firm has a market capitalization of C$8.63 billion, a price-to-earnings ratio of 53.65, a PEG ratio of 2.39 and a beta of 0.07.
The Descartes Systems Group (TSE:DSG - Get Free Report) NASDAQ: DSGX last issued its earnings results on Wednesday, March 11th. The company reported C$0.65 earnings per share (EPS) for the quarter. The Descartes Systems Group had a return on equity of 10.76% and a net margin of 22.47%.The business had revenue of C$239.67 million during the quarter. As a group, analysts anticipate that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director John Scott Pagan sold 20,163 shares of the firm'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 completion of the sale, the director directly owned 127,639 shares of the company's stock, valued at C$11,593,450.37. This trade represents a 13.64% decrease in their position. Also, insider Edward Ryan sold 34,193 shares of the firm's stock in a transaction on Monday, April 13th. The shares were sold at an average price of C$89.70, for a total value of C$3,067,112.10. Following the sale, the insider directly owned 44,539 shares of the company's stock, valued at C$3,995,148.30. This represents a 43.43% decrease in their ownership of the stock. Company insiders own 0.02% of the company's stock.
About The Descartes Systems Group
(
Get Free Report)
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.
Further Reading
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