The Descartes Systems Group (TSE:DSG) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• The Descartes Systems Group stock has fallen below its 200-day moving average, last trading at C$144.17, down 1.5% from Friday's trading.
• The company reported an EPS of C$0.41 for the last quarter, missing analysts' expectations of C$0.59.
• Insider activity includes Senior Officer Peter Nguyen purchasing 730 shares at C$137.38 each, while Andrew Roszko sold 4,891 shares at C$135.50.

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 Friday . The stock has a two hundred day moving average of C$150.13 and traded as low as C$142.50. The Descartes Systems Group shares last traded at C$144.17, with a volume of 146,740 shares traded.

The Descartes Systems Group Stock Down 1.5%

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 capitalization of C$8.73 billion, a price-to-earnings ratio of 63.32, a P/E/G ratio of 2.39 and a beta of 0.74. The stock has a 50 day moving average of C$143.51 and a 200 day moving average of C$150.13.

The Descartes Systems Group (TSE:DSG - Get Free Report) NASDAQ: DSGX last released its earnings results on Wednesday, June 4th. The company reported C$0.41 EPS for the quarter, missing analysts' consensus estimates of C$0.59 by C($0.18). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same period in the prior year, the company posted $0.43 EPS. As a group, analysts expect that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Peter Nguyen bought 730 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was bought at an average cost of C$137.38 per share, for a total transaction of C$100,287.40. Following the completion of the purchase, the insider directly owned 730 shares in the company, valued at approximately C$100,287.40. The trade was a ∞ increase in their position. Also, Senior Officer Andrew Roszko sold 4,891 shares of the company's stock in a transaction that occurred 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. 0.02% of the stock is owned by company 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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