The Descartes Systems Group (TSE:DSG) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of C$108.07 and traded as high as C$115.53. The Descartes Systems Group shares last traded at C$115.12, with a volume of 396,123 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Tuesday, July 14th. Four 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 has a consensus rating of “Strong Buy”.

The Descartes Systems Group Stock Down 1.2%

The firm’s 50 day moving average price is C$108.52 and its two-hundred day moving average price is C$102.48. The company has a market cap of C$9.75 billion, a P/E ratio of 53.03, a price-to-earnings-growth ratio of 2.39 and a beta of 0.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.85 and a current ratio of 2.02.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its earnings results on Thursday, September 10th. The company reported C$0.80 earnings per share (EPS) for the quarter. The business had revenue of C$281.94 million for the quarter. The Descartes Systems Group had a net margin of 24.25% and a return on equity of 11.69%. Equities research analysts anticipate that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

Insider Activity

In other news, insider Edward Ryan sold 27,888 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of C$111.68, for a total transaction of C$3,114,531.84. 0.02% of the stock is owned by company insiders.

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.