The Descartes Systems Group (TSE:DSG) Share Price Passes Above 50-Day Moving Average – Here’s Why

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$146.00 and traded as high as C$158.95. The Descartes Systems Group shares last traded at C$158.79, with a volume of 105,310 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Stephens upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Saturday, February 1st.

The Descartes Systems Group Stock Up 0.0%

The firm has a fifty day moving average price of C$146.00 and a 200-day moving average price of C$156.93. The company has a quick ratio of 1.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.51. The firm has a market cap of C$9.62 billion, a price-to-earnings ratio of 69.74, a PEG ratio of 2.39 and a beta of 0.74.

Insider Transactions at The Descartes Systems Group

In related news, Senior Officer Edward Ryan sold 34,135 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of C$144.76, for a total value of C$4,941,382.60. Insiders own 0.02% of the company’s stock.

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).