The Descartes Systems Group (TSE:DSG) Hits New 1-Year Low – Here’s Why

Shares of The Descartes Systems Group Inc. (TSE:DSGGet Free Report) (NASDAQ:DSGX) reached a new 52-week low on Monday . The company traded as low as C$116.67 and last traded at C$116.79, with a volume of 17831 shares trading hands. The stock had previously closed at C$118.37.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on DSG

The Descartes Systems Group Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 1.85. The firm has a market capitalization of C$9.99 billion, a P/E ratio of 68.80, a PEG ratio of 2.39 and a beta of 0.41. The company’s 50 day moving average price is C$134.89 and its 200 day moving average price is C$141.05.

The Descartes Systems Group Company Profile

(Get Free Report)

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).

Recommended Stories

Receive News & Ratings for The Descartes Systems Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Descartes Systems Group and related companies with MarketBeat.com's FREE daily email newsletter.