The Descartes Systems Group (TSE:DSG) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$104.69 and traded as low as C$101.43. The Descartes Systems Group shares last traded at C$102.86, with a volume of 252,179 shares.

Analysts Set New Price Targets

Separately, Rothschild & Co Redburn raised The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

The Descartes Systems Group Stock Down 0.8%

The business has a 50 day moving average of C$98.99 and a 200-day moving average of C$104.67. The stock has a market cap of C$8.74 billion, a PE ratio of 50.76, a P/E/G ratio of 2.39 and a beta of 0.11. The company has a current ratio of 2.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its quarterly earnings results on Wednesday, June 3rd. The company reported C$0.75 earnings per share (EPS) for the quarter. The firm had revenue of C$262.96 million for the quarter. The Descartes Systems Group had a return on equity of 11.26% and a net margin of 23.35%. Equities research analysts predict that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

Insider Buying and Selling

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

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.