The Descartes Systems Group (TSE:DSG) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

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$136.76 and traded as low as C$114.39. The Descartes Systems Group shares last traded at C$115.39, with a volume of 176,653 shares.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

The Descartes Systems Group Price Performance

The firm has a market capitalization of C$9.92 billion, a PE ratio of 68.28, a P/E/G ratio of 2.39 and a beta of 0.41. 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 business’s 50 day moving average is C$125.46 and its two-hundred day moving average is C$136.76.

About The Descartes Systems Group

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions).