The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX dropped 7.2% during mid-day trading on Thursday . The company traded as low as C$139.28 and last traded at C$147.62. Approximately 102,046 shares were traded during trading, a decline of 20% from the average daily volume of 127,062 shares. The stock had previously closed at C$159.01.
Wall Street Analysts Forecast Growth
DSG has been the subject of a number of research reports. Loop Capital upgraded shares of The Descartes Systems Group to a "strong-buy" rating in a research report on Tuesday, December 17th. Stephens upgraded shares of The Descartes Systems Group to a "strong-buy" rating in a research report on Saturday, February 1st. Finally, Barclays upgraded shares of The Descartes Systems Group from a "strong sell" rating to a "hold" rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, The Descartes Systems Group presently has a consensus rating of "Buy".
Check Out Our Latest Report on The Descartes Systems Group
The Descartes Systems Group Price Performance
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$8.43 billion, a P/E ratio of 61.12, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The business's 50-day simple moving average is C$163.56 and its two-hundred day simple moving average is C$154.62.
Insider Activity
In other news, Senior Officer Allan Brett sold 5,260 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of C$171.60, for a total value of C$902,616.00. 0.02% of the stock is owned by company insiders.
The Descartes Systems Group Company Profile
(
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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.
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