The Descartes Systems Group (TSE:DSG) Shares Pass Above Fifty Day Moving Average – Here’s Why

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$105.54 and traded as high as C$108.56. The Descartes Systems Group shares last traded at C$104.07, with a volume of 341,727 shares traded.

Analysts Set New Price Targets

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

The Descartes Systems Group Stock Down 2.8%

The firm has a market cap of C$8.44 billion, a price-to-earnings ratio of 49.03, a PEG ratio of 2.39 and a beta of 0.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.05. The business’s 50-day moving average is C$105.51 and its 200-day moving average is C$100.60.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its quarterly earnings results on Thursday, September 10th. The company reported C$0.80 EPS for the quarter. The firm had revenue of C$281.94 million for the quarter. The Descartes Systems Group had a net margin of 23.35% and a return on equity of 11.26%. On average, equities analysts predict that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current year.

Insider Activity

In other news, insider William Chad Murphy sold 2,772 shares of The Descartes Systems Group stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of C$101.05, for a total value of C$280,110.60. Company 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.