The Descartes Systems Group (TSE:DSG) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$142.04 and traded as low as C$125.00. The Descartes Systems Group shares last traded at C$125.14, with a volume of 407,579 shares trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, The Descartes Systems Group presently has an average rating of “Strong Buy”.

The Descartes Systems Group Price Performance

The firm has a market cap of C$10.75 billion, a P/E ratio of 74.05, a P/E/G ratio of 2.39 and a beta of 0.45. The company has a fifty day moving average of C$137.16 and a 200-day moving average of C$142.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 1.85.

About The Descartes Systems Group

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).