The Descartes Systems Group (TSE:DSG) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$95.23 and traded as high as C$99.48. The Descartes Systems Group shares last traded at C$96.45, with a volume of 185,734 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Barclays raised The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Two 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, the company has a consensus rating of “Strong Buy”.

The Descartes Systems Group Trading Down 2.2%

The stock has a fifty day moving average of C$95.23 and a 200 day moving average of C$113.81. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.85 and a current ratio of 2.16. The company has a market capitalization of C$8.30 billion, a PE ratio of 51.58, a PEG ratio of 2.39 and a beta of 0.07.

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

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.