The Descartes Systems Group (TSE:DSG) Share Price Crosses Below Two Hundred Day Moving Average - What's Next?
The Descartes Systems Group (TSE:DSG) share price fell below its 200-day moving average, trading at C$140.95 after reaching a low of C$139.87. Analysts have upgraded the stock to a "strong-buy" rating, despite a recent 0.2% decline. The company has a market cap of C$8.54 billion and a debt-to-equity ratio of 0.51. Insider transactions included a sale of 34,135 shares by Senior Officer Edward Ryan. The firm specializes in cloud-based logistics and supply chain management solutions.
Shares of The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$155.96 and traded as low as C$139.87. The Descartes Systems Group shares last traded at C$140.95, with a volume of 122,014 shares traded.
Analyst Ratings Changes
Several brokerages have weighed in on DSG. Loop Capital raised The Descartes Systems Group to a "strong-buy" rating in a research note on Tuesday, December 17th. Stephens upgraded The Descartes Systems Group to a "strong-buy" rating in a research report on Saturday, February 1st.
Check Out Our Latest Report on The Descartes Systems Group
The Descartes Systems Group Stock Down 0.2 %
The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 1.85. The stock has a market cap of C$8.54 billion, a price-to-earnings ratio of 61.91, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The firm's 50-day moving average is C$150.99 and its 200 day moving average is C$155.98.
Insider Transactions at The Descartes Systems Group
In other news, Senior Officer Edward Ryan sold 34,135 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of C$144.76, for a total transaction of C$4,941,382.60. Insiders own 0.02% of the company's stock.
The Descartes Systems Group Company Profile
(Get Free Report)The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.
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