Dassault Systemes (OTCMKTS:DASTY) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Dassault Systemes SA (OTCMKTS:DASTY) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $24.46 and traded as low as $20.79. Dassault Systemes shares last traded at $20.97, with a volume of 608,168 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Kepler Capital Markets raised shares of Dassault Systemes to a “strong-buy” rating in a research note on Thursday, February 19th. The Goldman Sachs Group cut shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Citigroup reiterated a “neutral” rating on shares of Dassault Systemes in a report on Friday, February 20th. Finally, Rothschild & Co Redburn raised Dassault Systemes to a “hold” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Dassault Systemes Trading Up 0.2%

The business’s 50-day moving average price is $24.31 and its 200 day moving average price is $27.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.60 and a quick ratio of 1.55. The firm has a market capitalization of $27.46 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 5.63 and a beta of 1.01.

Institutional Trading of Dassault Systemes

A hedge fund recently bought a new stake in Dassault Systemes stock. Douglass Winthrop Advisors LLC purchased a new position in Dassault Systemes SA (OTCMKTS:DASTY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

About Dassault Systemes

Dassault Systèmes is a France-based software company that develops solutions for 3D design, digital mock-up and product lifecycle management (PLM). Founded as a technology spin-off from Dassault Aviation in 1981, the company is headquartered near Paris and has grown into a global provider of engineering and business software used to model, simulate and manage products and processes across their lifecycles. Its platforms and applications are aimed at enabling digital continuity from ideation and design through manufacturing, operation and service.

The company’s product portfolio centers on the 3DEXPERIENCE platform, which integrates applications for computer-aided design (CAD), simulation, data management and collaboration.