The Descartes Systems Group (TSE:DSG) Stock Crosses Below 200-Day Moving Average – What’s Next?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$131.09 and traded as low as C$116.78. The Descartes Systems Group shares last traded at C$117.01, with a volume of 387,298 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DSG shares. Barclays raised The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Raymond James Financial raised shares of The Descartes Systems Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 4th. Finally, TD Securities upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Friday, December 5th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, The Descartes Systems Group currently has a consensus rating of “Strong Buy”.

The Descartes Systems Group Trading Down 3.5%

The firm has a market cap of C$10.06 billion, a P/E ratio of 65.74, a PEG ratio of 2.39 and a beta of 0.44. The company has a 50 day moving average of C$120.05 and a 200 day moving average of C$131.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.85 and a current ratio of 1.34.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported C$0.70 earnings per share for the quarter. The firm had revenue of C$263.74 million for the quarter. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Analysts predict that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

The Descartes Systems Group Company Profile

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). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.