The Descartes Systems Group (TSE:DSG) Sets New 52-Week Low – Time to Sell?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$122.10 and last traded at C$124.03, with a volume of 270315 shares changing hands. The stock had previously closed at C$123.87.

Analyst Ratings Changes

Separately, TD Securities raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

The Descartes Systems Group Stock Up 0.1%

The firm has a market cap of C$10.66 billion, a PE ratio of 73.39, a PEG ratio of 2.39 and a beta of 0.45. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.85 and a current ratio of 1.34. The company’s 50-day simple moving average is C$136.30 and its two-hundred day simple moving average is C$141.65.

The Descartes Systems Group Company Profile

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions).