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The Descartes Systems Group (TSE:DSG) Stock Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

The Descartes Systems Group logo with Computer and Technology background

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.
  • Five stocks we like better than The Descartes Systems Group.

Shares of The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Stock Down 0.8%

The firm has a fifty day moving average price of C$140.94 and a 200-day moving average price of C$144.68. The company has a quick ratio of 1.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.51. The firm has a market cap of C$12.75 billion, a price-to-earnings ratio of 87.76, a PEG ratio of 2.39 and a beta of 0.57.

Insider Activity at The Descartes Systems Group

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

About The Descartes Systems Group

(Get Free Report)

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).

See Also

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