The Descartes Systems Group (TSE:DSG) Trading 9.6% Higher – What’s Next?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shot up 9.6% during mid-day trading on Thursday . The stock traded as high as C$130.32 and last traded at C$126.95. 171,475 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 179,446 shares. The stock had previously closed at C$115.81.

Wall Street Analysts Forecast Growth

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

The Descartes Systems Group Stock Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.85 and a current ratio of 1.34. The company’s 50 day simple moving average is C$125.05 and its 200 day simple moving average is C$136.61. The stock has a market cap of C$10.95 billion, a PE ratio of 75.41, a price-to-earnings-growth ratio of 2.39 and a beta of 0.41.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its quarterly earnings data on Wednesday, December 3rd. The company reported C$0.70 EPS for the quarter. The business had revenue of C$263.74 million for the quarter. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Analysts expect that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current year.

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).