The Descartes Systems Group Inc. (TSE:DSG – Get Rating) (NASDAQ:DSGX) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$93.30 and traded as high as C$94.88. The Descartes Systems Group shares last traded at C$93.59, with a volume of 103,200 shares traded.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on DSG shares. Barclays reduced their target price on The Descartes Systems Group to C$58.00 and set a “sell” rating for the company in a report on Thursday, December 8th. William Blair reaffirmed an “outperform” rating on shares of The Descartes Systems Group in a research report on Thursday, December 8th.
The Descartes Systems Group Price Performance
The stock has a fifty day moving average of C$93.30 and a two-hundred day moving average of C$90.53. The stock has a market capitalization of C$7.94 billion and a price-to-earnings ratio of 66.38. The company has a current ratio of 2.00, a quick ratio of 1.85 and a debt-to-equity ratio of 0.73.
About The Descartes Systems Group
The Descartes Systems Group Inc provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business.
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