Dassault Systemes (OTCMKTS:DASTY) Shares Gap Down – Time to Sell?

Shares of Dassault Systemes SA (OTCMKTS:DASTY) gapped down before the market opened on Wednesday. The stock had previously closed at $23.82, but opened at $22.99. Dassault Systemes shares last traded at $23.09, with a volume of 2,225 shares.

Analysts Set New Price Targets

DASTY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Dassault Systemes in a research report on Tuesday, September 1st. Zacks Research raised shares of Dassault Systemes from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Jefferies Financial Group raised Dassault Systemes to a “moderate sell” rating in a report on Friday, September 25th. Finally, Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Dassault Systemes currently has an average rating of “Hold”.

Dassault Systemes Trading Down 1.0%

The company has a market capitalization of $31.06 billion, a P/E ratio of 20.49, a PEG ratio of 4.49 and a beta of 0.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.99 and a quick ratio of 1.99. The business’s 50-day moving average price is $24.49 and its two-hundred day moving average price is $22.47.

About Dassault Systemes

Dassault Systèmes SE is a French software company that develops three-dimensional design, engineering, simulation, manufacturing, and product-lifecycle-management solutions. Its technologies help organizations design products, model production processes, test virtual prototypes, and manage data throughout a product’s life cycle.

The company’s portfolio includes the 3DEXPERIENCE platform and applications such as CATIA for computer-aided design and engineering, SOLIDWORKS for 3D design, ENOVIA for product lifecycle management, DELMIA for manufacturing and operations, SIMULIA for simulation, and BIOVIA and MEDIDATA for scientific research and life sciences.