The Descartes Systems Group (TSE:DSG) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$106.31 and traded as low as C$95.35. The Descartes Systems Group shares last traded at C$99.65, with a volume of 349,844 shares changing hands.

Wall Street Analyst Weigh In

Separately, Rothschild & Co Redburn raised The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, The Descartes Systems Group presently has an average rating of “Strong Buy”.

The Descartes Systems Group Stock Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 2.16 and a quick ratio of 1.85. The stock has a market cap of C$8.46 billion, a price-to-earnings ratio of 52.62, a PEG ratio of 2.39 and a beta of 0.14. The firm has a fifty day moving average of C$97.62 and a 200 day moving average of C$106.07.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its quarterly earnings results on Wednesday, March 11th. The company reported C$0.65 EPS for the quarter. The firm had revenue of C$239.67 million during the quarter. The Descartes Systems Group had a return on equity of 10.76% and a net margin of 22.47%. As a group, sell-side analysts forecast that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current year.

Insider Activity at The Descartes Systems Group

In related news, insider Edward Ryan sold 34,193 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of C$89.70, for a total value of C$3,067,112.10. Following the completion of the transaction, the insider directly owned 44,539 shares in the company, valued at approximately C$3,995,148.30. This represents a 43.43% decrease in their ownership of the stock. Also, Director John Scott Pagan sold 20,163 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of C$90.83, for a total value of C$1,831,405.29. Following the completion of the transaction, the director owned 127,639 shares of the company’s stock, valued at C$11,593,450.37. The trade was a 13.64% decrease in their ownership of the stock. Corporate insiders own 0.02% of the company’s stock.

About The Descartes Systems Group

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.