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

Key Points

• The Descartes Systems Group shares fell below their 200-day moving average of C$145.09, trading as low as C$135.92 on Thursday.
• In the latest earnings report, the company posted C$0.41 EPS, missing the consensus estimate of C$0.59 by C$0.18.
• Insider transactions included a purchase of 730 shares by Senior Officer Peter Nguyen at C$137.38 per share and a sale of 22,447 shares by Senior Officer Kenneth Edward Wood at an average of C$134.29.

The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$145.09 and traded as low as C$135.92. The Descartes Systems Group shares last traded at C$146.86, with a volume of 367,304 shares.

The Descartes Systems Group Trading Down 0.1%

The firm's 50 day moving average price is C$141.14 and its 200-day moving average price is C$144.70. The stock has a market cap of C$12.72 billion, a P/E ratio of 87.60, a P/E/G ratio of 2.39 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 1.85.

Insider Transactions at The Descartes Systems Group

In other news, Senior Officer Peter Nguyen bought 730 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were purchased at an average price of C$137.38 per share, for a total transaction of C$100,287.40. Following the completion of the purchase, the insider owned 730 shares in the company, valued at approximately C$100,287.40. This represents a ∞ increase in their position. 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 stock was sold at an average price of C$134.29, for a total transaction of C$3,014,407.63. Insiders own 0.02% of the company's stock.

The Descartes Systems Group Company Profile

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).