The Descartes Systems Group (TSE:DSG) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Shares of The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$97.93 and traded as high as C$99.73. The Descartes Systems Group shares last traded at C$99.29, with a volume of 348,230 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DSG. Raymond James Financial upgraded shares of The Descartes Systems Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 4th. TD Securities upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Friday, December 5th. Finally, Barclays raised shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

The Descartes Systems Group Stock Performance

The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of C$8.32 billion, a P/E ratio of 51.72, a price-to-earnings-growth ratio of 2.39 and a beta of 0.26. The company’s 50 day moving average is C$97.42 and its 200-day moving average is C$116.37.

The Descartes Systems Group Company Profile

Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (‘GLN’). Shippers, carriers, and logistics service providers connect and collaborate on the GLN, leveraging technology, data and artificial intelligence (‘AI’) to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes.