The Descartes Systems Group (TSE:DSG) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$105.36 and traded as low as C$96.64. The Descartes Systems Group shares last traded at C$98.90, with a volume of 365,367 shares changing hands.

Analysts Set New Price Targets

Separately, Rothschild & Co Redburn raised shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Three analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Strong Buy”.

The Descartes Systems Group Stock Performance

The firm has a market capitalization of C$8.50 billion, a price-to-earnings ratio of 52.89, a PEG ratio of 2.39 and a beta of 0.14. The firm’s fifty day moving average is C$97.62 and its 200 day moving average is C$105.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.16 and a quick ratio of 1.85.

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

Insider Activity at The Descartes Systems Group

In related news, Director John Scott Pagan sold 20,163 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 127,639 shares of the company’s stock, valued at approximately C$11,593,450.37. This trade represents a 13.64% decrease in their ownership of the stock. Also, insider Edward Ryan sold 34,193 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of C$89.70, for a total transaction of C$3,067,112.10. Following the transaction, the insider directly owned 44,539 shares in the company, valued at approximately C$3,995,148.30. The trade was a 43.43% decrease in their position. 0.02% of the stock is currently owned by company insiders.

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.