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

The Descartes Systems Group Inc. (TSE:DSGGet Free Report) (NASDAQ:DSGX) shares hit a new 52-week low on Tuesday . The stock 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 report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Get Our Latest Stock Report on The Descartes Systems Group

The Descartes Systems Group Stock Up 0.1%

The company has a current ratio of 1.34, a quick ratio of 1.85 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of C$10.66 billion, a P/E ratio of 73.39, a price-to-earnings-growth ratio of 2.39 and a beta of 0.45. The company’s fifty day simple moving average is C$136.30 and its 200 day simple moving average is C$141.65.

The Descartes Systems Group Company Profile

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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).

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