Free Trial

The Descartes Systems Group (TSE:DSG) Stock Crosses Below 200-Day Moving Average - Here's Why

The Descartes Systems Group logo with Computer and Technology background

Shares of The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$156.14 and traded as low as C$143.30. The Descartes Systems Group shares last traded at C$146.62, with a volume of 110,406 shares traded.

Analyst Upgrades and Downgrades

Separately, Stephens raised shares of The Descartes Systems Group to a "strong-buy" rating in a research note on Saturday, February 1st.

Get Our Latest Research Report on The Descartes Systems Group

The Descartes Systems Group Stock Up 2.3 %

The stock has a fifty day moving average of C$146.85 and a two-hundred day moving average of C$156.08. The company has a quick ratio of 1.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.51. The stock has a market cap of C$8.88 billion, a price-to-earnings ratio of 64.40, a PEG ratio of 2.39 and a beta of 0.74.

Insider Transactions at The Descartes Systems Group

In other news, Senior Officer Edward Ryan sold 17,286 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of C$143.03, for a total value of C$2,472,433.87. Company insiders own 0.02% of the company's stock.

The Descartes Systems Group Company Profile

(Get Free Report)

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in The Descartes Systems Group Right Now?

Before you consider The Descartes Systems Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Descartes Systems Group wasn't on the list.

While The Descartes Systems Group currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

7 Cybersecurity Stocks Outperforming the Market Right Now
Markets in Rally Mode: Will Earnings Keep It Going?
3 Tech Stocks to Buy Now—And 3 You’ll Regret Keeping

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines