Dassault Systemes (OTCMKTS:DASTY) Sets New 52-Week Low – Time to Sell?

Dassault Systemes SA (OTCMKTS:DASTY) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $28.01 and last traded at $28.08, with a volume of 188947 shares traded. The stock had previously closed at $28.47.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup restated a “neutral” rating on shares of Dassault Systemes in a research note on Friday, July 25th. Wall Street Zen lowered Dassault Systemes from a “buy” rating to a “hold” rating in a research report on Sunday, September 14th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Dassault Systemes presently has a consensus rating of “Buy”.

Dassault Systemes Stock Up 0.4%

The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average of $32.08 and a two-hundred day moving average of $34.48. The stock has a market capitalization of $36.92 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 6.18 and a beta of 0.99.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DASTY. Rhumbline Advisers increased its holdings in shares of Dassault Systemes by 18.9% during the 1st quarter. Rhumbline Advisers now owns 20,836 shares of the technology company’s stock valued at $795,000 after acquiring an additional 3,306 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Dassault Systemes by 7.4% during the 2nd quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company’s stock valued at $808,000 after acquiring an additional 1,550 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC increased its holdings in shares of Dassault Systemes by 27.5% during the 1st quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company’s stock valued at $4,545,000 after acquiring an additional 25,988 shares during the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

Dassault Systemes Company Profile

Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS provides easy-to-use 2D and 3D product development solutions accessible to any business; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for intersection of natural resources, infrastructure, and urban planning; and BIOVIA that develops chemicals, biologics, and materials experiences.