The Descartes Systems Group Inc. (TSE:DSG – Get 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.
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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