The Descartes Systems Group (TSE:DSG) Stock Price Passes Above 50 Day Moving Average - Here's What Happened

Key Points

• The Descartes Systems Group stock crossed above its 50‑day moving average (C$95.23), trading as high as C$99.48 and last at C$96.45 on a volume of 185,734 shares.
• Barclays upgraded DSG to a strong‑buy and the Street consensus is Strong Buy (two Strong Buy, one Buy); the shares carry a market cap of C$8.30B, a PE of 51.58 and analysts forecast roughly C$3.35 in EPS for the year.

The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$95.23 and traded as high as C$99.48. The Descartes Systems Group shares last traded at C$96.45, with a volume of 185,734 shares traded.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of The Descartes Systems Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Strong Buy".

The Descartes Systems Group Trading Down 2.2%

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 market capitalization of C$8.30 billion, a PE ratio of 51.58, a PEG ratio of 2.39 and a beta of 0.07. The stock has a 50-day moving average price of C$95.23 and a two-hundred day moving average price of C$113.81.

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

The Descartes Systems Group Company Profile

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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