The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$146.00 and traded as high as C$158.95. The Descartes Systems Group shares last traded at C$158.79, with a volume of 105,310 shares trading hands.
Wall Street Analyst Weigh In
Separately, Stephens raised shares of The Descartes Systems Group to a "strong-buy" rating in a report on Saturday, February 1st.
Get Our Latest Stock Analysis on DSG
The Descartes Systems Group Stock Up 0.7%
The firm has a market cap of C$9.63 billion, a price-to-earnings ratio of 69.84, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The stock's 50 day moving average is C$146.92 and its 200 day moving average is C$157.06. The company has a quick ratio of 1.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.51.
Insider Transactions at The Descartes Systems Group
In other news, Senior Officer Edward Ryan sold 34,135 shares of The Descartes Systems Group stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of C$144.76, for a total value of C$4,941,382.60. Company insiders own 0.02% of the company's stock.
About The Descartes Systems Group
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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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