Dassault Systemes (OTCMKTS:DASTY) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Shares of Dassault Systemes SA (OTCMKTS:DASTY) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $24.46 and traded as low as $20.79. Dassault Systemes shares last traded at $20.97, with a volume of 608,168 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on DASTY shares. The Goldman Sachs Group lowered shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Kepler Capital Markets raised shares of Dassault Systemes to a “strong-buy” rating in a research note on Thursday, February 19th. Rothschild & Co Redburn upgraded shares of Dassault Systemes to a “hold” rating in a report on Friday, January 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Dassault Systemes in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Dassault Systemes Price Performance

The company has a quick ratio of 1.55, a current ratio of 1.60 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $24.46 and a two-hundred day moving average price of $27.99. The stock has a market capitalization of $28.13 billion, a P/E ratio of 20.76, a P/E/G ratio of 5.88 and a beta of 1.01.

Institutional Trading of Dassault Systemes

A hedge fund recently raised its stake in Dassault Systemes stock. GAMMA Investing LLC grew its position in Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,866 shares of the technology company’s stock after buying an additional 951 shares during the period. GAMMA Investing LLC’s holdings in Dassault Systemes were worth $80,000 as of its most recent SEC filing. 0.03% of the stock is owned by institutional investors.

About Dassault Systemes

Dassault Systèmes is a France-based software company that develops solutions for 3D design, digital mock-up and product lifecycle management (PLM). Founded as a technology spin-off from Dassault Aviation in 1981, the company is headquartered near Paris and has grown into a global provider of engineering and business software used to model, simulate and manage products and processes across their lifecycles. Its platforms and applications are aimed at enabling digital continuity from ideation and design through manufacturing, operation and service.

The company’s product portfolio centers on the 3DEXPERIENCE platform, which integrates applications for computer-aided design (CAD), simulation, data management and collaboration.