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

The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX's stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$147.49 and traded as low as C$137.64. The Descartes Systems Group shares last traded at C$138.33, with a volume of 191,340 shares.

The Descartes Systems Group Trading Up 0.2%

The company has a market cap of C$8.50 billion, a price-to-earnings ratio of 61.62, a P/E/G ratio of 2.39 and a beta of 0.74. The business has a fifty day simple moving average of C$147.13 and a 200 day simple moving average of C$152.83. 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 Descartes Systems Group (TSE:DSG - Get Free Report) NASDAQ: DSGX last released its quarterly earnings data 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 quarter in the previous year, the company posted $0.43 EPS. On average, equities analysts anticipate that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

Insider Transactions at The Descartes Systems Group

In related news, Senior Officer Edward Ryan sold 17,286 shares of The Descartes Systems Group stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of C$143.03, for a total transaction of C$2,472,433.87. Also, Senior Officer Kenneth Edward Wood sold 22,447 shares of the business's stock in a transaction on Thursday, June 19th. The stock was sold at an average price of C$134.29, for a total value of C$3,014,407.63. In the last 90 days, insiders have sold 44,624 shares of company stock worth $6,149,572. 0.02% of the stock is currently owned by insiders.

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).