The Descartes Systems Group (TSE:DSG) Reaches New 52-Week High – Still a Buy?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s share price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$136.20 and last traded at C$135.04, with a volume of 7,031 shares trading hands. The stock had previously closed at C$134.92.

Analyst Ratings Changes

Separately, National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a report on Tuesday, July 14th. Four analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, The Descartes Systems Group currently has an average rating of “Strong Buy”.

The Descartes Systems Group Price Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.85. The stock has a market capitalization of C$11.53 billion, a price-to-earnings ratio of 62.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.10. The stock has a 50 day moving average price of C$118.50 and a 200-day moving average price of C$104.41.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its quarterly earnings data on Thursday, September 10th. The company reported C$0.80 EPS for the quarter. The firm had revenue of C$281.94 million during the quarter. The Descartes Systems Group had a return on equity of 11.69% and a net margin of 24.25%. On average, analysts forecast that The Descartes Systems Group Inc. will post 3.35 earnings per share for the current 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 value of C$3,114,531.84. 0.02% of the stock is owned by 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.