The Descartes Systems Group (TSE:DSG) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$118.33 and traded as low as C$95.50. The Descartes Systems Group shares last traded at C$97.67, with a volume of 280,159 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DSG shares. TD Securities raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Friday, December 5th. Raymond James Financial raised The Descartes Systems Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 4th. Finally, Barclays upgraded The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, The Descartes Systems Group has a consensus rating of “Strong Buy”.

The Descartes Systems Group Trading Down 0.0%

The stock has a market cap of C$8.57 billion, a P/E ratio of 55.97, a PEG ratio of 2.39 and a beta of 0.26. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.52. The stock’s fifty day moving average price is C$99.80 and its 200 day moving average price is C$117.94.

The Descartes Systems Group Company Profile

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.