The Descartes Systems Group (TSE:DSG) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$118.33 and traded as low as C$95.50. The Descartes Systems Group shares last traded at C$97.67, with a volume of 280,159 shares.

Analyst Ratings Changes

Several equities research analysts have commented on DSG shares. Barclays upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. TD Securities raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Friday, December 5th. Finally, Raymond James Financial upgraded shares of The Descartes Systems Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

The Descartes Systems Group Stock Up 0.3%

The business has a 50-day moving average price of C$100.63 and a 200-day moving average price of C$118.33. The company has a market capitalization of C$8.40 billion, a price-to-earnings ratio of 54.87, a price-to-earnings-growth ratio of 2.39 and a beta of 0.26. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.52.

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). 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.