The Descartes Systems Group (TSE:DSG) Trading Up 5.5% – Should You Buy?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares traded up 5.5% during trading on Tuesday . The company traded as high as C$106.84 and last traded at C$105.99. Approximately 190,922 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 325,270 shares. The stock had previously closed at C$100.43.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DSG. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a research note on Tuesday, July 14th. Rothschild & Co Redburn upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Four investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, The Descartes Systems Group presently has a consensus rating of “Strong Buy”.

The Descartes Systems Group Trading Down 5.0%

The company has a quick ratio of 1.85, a current ratio of 2.05 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of C$8.93 billion, a PE ratio of 51.83, a PEG ratio of 2.39 and a beta of 0.13. The business’s 50-day moving average is C$101.02 and its two-hundred day moving average is C$99.70.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported C$0.75 earnings per share (EPS) for the quarter. The Descartes Systems Group had a return on equity of 11.26% and a net margin of 23.35%.The company had revenue of C$262.95 million for the quarter. On average, analysts anticipate that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current fiscal year.

Insider Activity

In related news, insider William Chad Murphy sold 2,772 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of C$101.05, for a total transaction of C$280,110.60. 0.02% of the stock is currently 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.