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

Shares of The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$105.36 and traded as low as C$96.64. The Descartes Systems Group shares last traded at C$98.90, with a volume of 365,367 shares changing hands.

Analyst Ratings Changes

Separately, Rothschild & Co Redburn raised shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Three analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, The Descartes Systems Group presently has an average rating of “Strong Buy”.

The Descartes Systems Group Price Performance

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 cap of C$8.74 billion, a PE ratio of 54.41, a PEG ratio of 2.39 and a beta of 0.14. The company’s 50-day simple moving average is C$97.70 and its 200 day simple moving average is C$105.33.

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

Insider Buying and Selling at The Descartes Systems Group

In other news, insider Edward Ryan sold 34,193 shares of The Descartes Systems Group stock in a transaction on Monday, April 13th. The shares were sold at an average price of C$89.70, for a total transaction of C$3,067,112.10. Following the completion of the sale, the insider directly owned 44,539 shares of the company’s stock, valued at approximately C$3,995,148.30. The trade was a 43.43% decrease in their position. Also, Director John Scott Pagan sold 20,163 shares of The Descartes Systems Group stock in a transaction on Monday, April 13th. The stock was sold at an average price of C$90.83, for a total transaction of C$1,831,405.29. Following the sale, the director directly owned 127,639 shares of the company’s stock, valued at approximately C$11,593,450.37. This trade represents a 13.64% decrease in their ownership of the stock. 0.02% of the stock is currently owned by insiders.

The Descartes Systems Group Company Profile

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.