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

Key Points

• The Descartes Systems Group's stock passed below its 200-day moving average (200-day MA C$110.88), trading as low as C$96.68 and last at C$98.41 on a volume of 206,299 shares.
• Analysts have recently upgraded the shares — Barclays and Rothschild & Co Redburn moved the stock to Strong Buy and MarketBeat's consensus rating is Strong Buy (three Strong Buys, one Buy).
• Significant insider selling occurred on April 13, with Director John Scott Pagan selling 20,163 shares and Edward Ryan selling 34,193 shares, leaving insiders owning just 0.02% of the company.

The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX's stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$110.88 and traded as low as C$96.68. The Descartes Systems Group shares last traded at C$98.41, with a volume of 206,299 shares traded.

Analyst Ratings Changes

DSG has been the subject of several research reports. Barclays raised shares of The Descartes Systems Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 12th. Rothschild & Co Redburn upgraded The Descartes Systems Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 16th. Three 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 stock has a consensus rating of "Strong Buy".

The Descartes Systems Group Price Performance

The stock has a market cap of C$8.47 billion, a PE ratio of 52.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.07. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.52. The company's fifty day moving average is C$96.10 and its 200 day moving average is C$110.88.

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

Insider Buying and Selling at The Descartes Systems Group

In related news, Director John Scott Pagan sold 20,163 shares of the company's stock in a transaction on Monday, April 13th. The shares were sold at an average price of C$90.83, for a total transaction of C$1,831,405.29. Following the completion of the sale, the director directly owned 127,639 shares of the company's stock, valued at approximately C$11,593,450.37. This represents a 13.64% decrease in their position. Also, insider Edward Ryan sold 34,193 shares of the stock in a transaction on Monday, April 13th. The shares were sold at an average price of C$89.70, for a total value of C$3,067,112.10. Following the completion of the sale, the insider owned 44,539 shares of the company's stock, valued at approximately C$3,995,148.30. This represents a 43.43% decrease in their ownership of the stock. Insiders own 0.02% of the company's stock.

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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