The Descartes Systems Group (TSE:DSG) Reaches New 52-Week Low – Should You Sell?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares hit a new 52-week low during trading on Tuesday . The company traded as low as C$122.10 and last traded at C$124.03, with a volume of 270315 shares changing hands. The stock had previously closed at C$123.87.

Analyst Upgrades and Downgrades

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

The Descartes Systems Group Stock Performance

The firm has a market capitalization of C$10.38 billion, a P/E ratio of 71.46, a price-to-earnings-growth ratio of 2.39 and a beta of 0.41. 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 company has a 50-day moving average of C$135.65 and a 200-day moving average of C$141.35.

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).