The Descartes Systems Group (TSE:DSG) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$107.88 and traded as low as C$91.00. The Descartes Systems Group shares last traded at C$92.11, with a volume of 464,501 shares.

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 research 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. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

The Descartes Systems Group Trading Down 2.2%

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.85 and a current ratio of 2.16. The business has a fifty day simple moving average of C$97.64 and a 200 day simple moving average of C$107.88. The stock has a market capitalization of C$7.91 billion, a price-to-earnings ratio of 49.26, a price-to-earnings-growth ratio of 2.39 and a beta of 0.14.

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

Insiders Place Their Bets

In other The Descartes Systems Group news, insider Edward Ryan sold 34,193 shares of The Descartes Systems Group stock in a transaction 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 of the company’s stock, valued at C$3,995,148.30. The trade was a 43.43% decrease in their position. Also, Director John Scott Pagan sold 20,163 shares of the company’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of C$90.83, for a total value of C$1,831,405.29. Following the sale, the director owned 127,639 shares of the company’s stock, valued at approximately C$11,593,450.37. The trade was a 13.64% decrease in their ownership of the stock. 0.02% of the stock is owned by company insiders.

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.