The Descartes Systems Group (TSE:DSG) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$155.24 and traded as low as C$147.43. The Descartes Systems Group shares last traded at C$150.71, with a volume of 176,403 shares changing hands.

Analysts Set New Price Targets

Several analysts recently weighed in on DSG shares. Stephens upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Saturday, February 1st. Loop Capital raised The Descartes Systems Group to a “strong-buy” rating in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, The Descartes Systems Group presently has a consensus rating of “Buy”.

The Descartes Systems Group Trading Up 2.3 %

The company has a 50 day simple moving average of C$159.47 and a two-hundred day simple moving average of C$155.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.85 and a current ratio of 1.34. The firm has a market cap of C$9.13 billion, a PE ratio of 66.19, a P/E/G ratio of 2.39 and a beta of 0.74.

About The Descartes Systems Group

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.