The Descartes Systems Group Inc. (TSE:DSG – Get Rating) (NASDAQ:DSGX) shares hit a new 52-week high during trading on Friday . The company traded as high as C$106.55 and last traded at C$106.46, with a volume of 482617 shares trading hands. The stock had previously closed at C$104.76.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. William Blair reaffirmed an “outperform” rating on shares of The Descartes Systems Group in a research report on Thursday, December 8th. Barclays lowered their price objective on shares of The Descartes Systems Group to C$58.00 and set a “sell” rating on the stock in a research report on Thursday, December 8th. Finally, Royal Bank of Canada boosted their price objective on shares of The Descartes Systems Group from C$85.00 to C$95.00 and gave the company an “outperform” rating in a research report on Thursday, March 2nd.
The Descartes Systems Group Price Performance
The company has a quick ratio of 1.85, a current ratio of 2.12 and a debt-to-equity ratio of 0.67. The company has a market capitalization of C$9.03 billion, a P/E ratio of 63.75, a P/E/G ratio of 3.01 and a beta of 0.88. The company’s 50-day simple moving average is C$100.00 and its 200 day simple moving average is C$94.75.
The Descartes Systems Group Company Profile
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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