The Descartes Systems Group (TSE:DSG) Stock Price Passes Below 200-Day Moving Average of $93.49

The Descartes Systems Group Inc. (TSE:DSGGet Rating) (NASDAQ:DSGX)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$93.49 and traded as low as C$73.51. The Descartes Systems Group shares last traded at C$74.45, with a volume of 259,294 shares trading hands.

Separately, CIBC raised shares of The Descartes Systems Group to a “buy” rating and set a C$89.00 target price for the company in a report on Monday, January 31st.

The company has a market cap of C$6.57 billion and a PE ratio of 59.81. The firm’s fifty day moving average is C$85.85 and its 200 day moving average is C$93.10. The company has a current ratio of 2.19, a quick ratio of 2.02 and a debt-to-equity ratio of 1.14.

The Descartes Systems Group (TSE:DSGGet Rating) (NASDAQ:DSGX) last issued its quarterly earnings results on Wednesday, March 2nd. The company reported C$0.28 EPS for the quarter, hitting the consensus estimate of C$0.28. The company had revenue of C$141.71 million during the quarter, compared to analysts’ expectations of C$140.77 million. As a group, sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.7099999 EPS for the current fiscal year.

In related news, Senior Officer Christopher Jones sold 12,172 shares of the business’s stock in a transaction on Wednesday, March 30th. The shares were sold at an average price of C$93.99, for a total value of C$1,144,015.85. Following the completion of the sale, the insider now owns 42,384 shares of the company’s stock, valued at approximately C$3,983,566.20.

The Descartes Systems Group Company Profile (TSE:DSG)

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business.

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