The Descartes Systems Group (TSE:DSG) Shares Cross Below 200 Day Moving Average - Time to Sell?

Key Points

• The Descartes Systems Group's shares have fallen below the 200-day moving average at C$147.42, currently trading at C$136.96.
• In the latest earnings report, the company missed consensus estimates with an EPS of C$0.41, compared to the expected C$0.59.
• Recent insider trading includes significant sales, with Senior Officer Andrew Roszko selling 4,891 shares for approximately C$662,730 and Kenneth Edward Wood selling 22,447 shares for about C$3.01 million.

The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$147.42 and traded as low as C$135.77. The Descartes Systems Group shares last traded at C$136.96, with a volume of 153,546 shares trading hands.

The Descartes Systems Group Trading Up 1.7%

The firm has a 50 day simple moving average of C$140.37 and a 200 day simple moving average of C$146.81. 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 firm has a market capitalization of C$8.49 billion, a PE ratio of 61.58, a P/E/G ratio of 2.39 and a beta of 0.74.

The Descartes Systems Group (TSE:DSG - Get Free Report) NASDAQ: DSGX last issued its earnings results on Wednesday, June 4th. The company reported C$0.41 EPS for the quarter, missing the consensus estimate 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 company earned $0.43 EPS. Equities analysts expect that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current fiscal year.

Insider Buying and Selling at The Descartes Systems Group

In other The Descartes Systems Group news, Senior Officer Kenneth Edward Wood sold 22,447 shares of the stock in a transaction on Thursday, June 19th. The stock was sold at an average price of C$134.29, for a total transaction of C$3,014,407.63. Also, Senior Officer Andrew Roszko sold 4,891 shares of the stock in a transaction on Thursday, June 19th. The shares were sold at an average price of C$135.50, for a total value of C$662,730.50. Company insiders own 0.02% of the company's stock.

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).