The Descartes Systems Group (TSE:DSG) Share Price Passes Above 50 Day Moving Average - Time to Sell?

Key Points

• The Descartes Systems Group's share price rose above its fifty-day moving average of C$141.59, reaching a high of C$144.81 during trading.
• The company's market capitalization stands at C$12.14 billion, with a price-to-earnings ratio of 83.60.
• Recent insider activity includes a Senior Officer selling 4,891 shares at C$135.50 and another acquiring 730 shares at C$137.38, indicating mixed signals regarding the stock.

The Descartes Systems Group Inc. (TSE:DSG - NASDAQ: DSGX's share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$141.59 and traded as high as C$144.81. The Descartes Systems Group shares last traded at C$141.28, with a volume of 155,455 shares traded.

The Descartes Systems Group Stock Down 2.2%

The business has a 50-day simple moving average of C$141.59 and a two-hundred day simple moving average of C$144.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.85 and a current ratio of 1.34. The company has a market capitalization of C$12.14 billion, a price-to-earnings ratio of 83.60, a PEG ratio of 2.39 and a beta of 0.57.

Insiders Place Their Bets

In other The Descartes Systems Group news, Senior Officer Andrew Roszko sold 4,891 shares of the stock in a transaction that occurred on Thursday, June 19th. The stock was sold at an average price of C$135.50, for a total transaction of C$662,730.50. Also, Senior Officer Peter Nguyen acquired 730 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were bought at an average cost of C$137.38 per share, with a total value of C$100,287.40. Following the completion of the transaction, the insider directly owned 730 shares in the company, valued at C$100,287.40. This trade represents a ∞ increase in their position. 0.02% of the stock is owned by 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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