The Descartes Systems Group (TSE:DSG) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Key Points

• The Descartes Systems Group crossed below its 200-day moving average of C$112.05, trading as low as C$101.96 and last at C$103.93 on a volume of 631,295 shares.
• Barclays upgraded DSG from "hold" to "strong-buy" on Jan. 12, and the stock currently holds a consensus rating of "Strong Buy" (two Strong Buy, one Buy).
• The company has a market cap of C$8.94 billion and a high P/E of 55.58; it reported C$0.65 EPS and C$239.67 million revenue for the quarter, with a net margin of 22.47%.

The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$112.05 and traded as low as C$101.96. The Descartes Systems Group shares last traded at C$103.93, with a volume of 631,295 shares.

Analysts Set New Price Targets

Separately, Barclays upgraded The Descartes Systems Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, The Descartes Systems Group currently has a consensus rating of "Strong Buy".

The Descartes Systems Group Trading Up 4.2%

The stock has a market cap of C$8.94 billion, a P/E ratio of 55.58, a P/E/G ratio of 2.39 and a beta of 0.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.85 and a current ratio of 2.16. The stock has a 50-day moving average price of C$94.70 and a 200-day moving average price of C$112.05.

The Descartes Systems Group (TSE:DSG - Get Free Report) NASDAQ: DSGX last announced its quarterly earnings data on Wednesday, March 11th. The company reported C$0.65 earnings per share for the quarter. The company had revenue of C$239.67 million for the quarter. The Descartes Systems Group had a return on equity of 10.76% and a net margin of 22.47%. On average, equities research analysts expect that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current year.

About The Descartes Systems Group

Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network ('GLN'). Shippers, carriers, and logistics service providers connect and collaborate on the GLN, leveraging technology, data and artificial intelligence ('AI') to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes.

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