The Descartes Systems Group (TSE:DSG) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$155.96 and traded as low as C$139.87. The Descartes Systems Group shares last traded at C$140.95, with a volume of 122,014 shares changing hands.

Analyst Ratings Changes

Several research analysts have commented on the company. Stephens raised The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st. Loop Capital upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Tuesday, December 17th.

The Descartes Systems Group Stock Down 0.2 %

The firm’s 50 day moving average price is C$150.99 and its two-hundred day moving average price is C$155.98. The firm has a market capitalization of C$8.54 billion, a PE ratio of 61.91, a P/E/G ratio of 2.39 and a beta of 0.74. The company has a quick ratio of 1.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.51.

Insider Activity

In other news, Senior Officer Edward Ryan sold 34,135 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of C$144.76, for a total transaction of C$4,941,382.60. Insiders own 0.02% of the company’s stock.

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.