Descartes Systems Group (TSE:DSG) Share Price Crosses Above 50 Day Moving Average of $50.68

Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $50.68 and traded as high as $52.74. Descartes Systems Group shares last traded at $52.49, with a volume of 60,948 shares trading hands.

The business’s fifty day moving average price is C$50.93 and its 200-day moving average price is C$50.46. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.74 and a current ratio of 0.87. The stock has a market cap of $4.50 billion and a PE ratio of 133.60.

Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its quarterly earnings data on Wednesday, September 4th. The company reported C$0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.12 by C$0.01. The business had revenue of C$106.96 million during the quarter, compared to the consensus estimate of C$107.57 million. Analysts forecast that Descartes Systems Group Inc will post 0.54 earnings per share for the current fiscal year.

About Descartes Systems Group (TSE:DSG)

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

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