The Descartes Systems Group (TSE:DSG) Shares Cross Above 50-Day Moving Average – Here’s Why

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$123.04 and traded as high as C$123.35. The Descartes Systems Group shares last traded at C$122.07, with a volume of 84,583 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have commented on DSG. TD Securities upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Friday, December 5th. Raymond James Financial raised The Descartes Systems Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

The Descartes Systems Group Trading Down 0.8%

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 1.85. The business has a 50-day simple moving average of C$123.04 and a two-hundred day simple moving average of C$133.50. The stock has a market cap of C$10.50 billion, a price-to-earnings ratio of 68.58, a P/E/G ratio of 2.39 and a beta of 0.40.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported C$0.70 earnings per share for the quarter. The company had revenue of C$263.74 million for the quarter. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Equities analysts forecast that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

About The Descartes Systems Group

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). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.