The Descartes Systems Group (TSE:DSG) Shares Cross Below 200-Day Moving Average – What’s Next?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$124.55 and traded as low as C$87.77. The Descartes Systems Group shares last traded at C$90.42, with a volume of 275,487 shares changing hands.

Analyst Ratings Changes

DSG has been the topic of several research reports. Barclays raised shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. TD Securities raised shares of The Descartes Systems Group to a “strong-buy” rating in a report on Friday, December 5th. Finally, Raymond James Financial raised The Descartes Systems Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, The Descartes Systems Group has a consensus rating of “Strong Buy”.

The Descartes Systems Group Price Performance

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 stock has a market capitalization of C$7.77 billion, a PE ratio of 50.80, a PEG ratio of 2.39 and a beta of 0.30. The business has a fifty day moving average price of C$111.65 and a 200-day moving average price of C$124.55.

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

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). 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.