The Descartes Systems Group (TSE:DSG) Share Price Passes Above 50-Day Moving Average – Here’s Why

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$146.00 and traded as high as C$158.95. The Descartes Systems Group shares last traded at C$158.79, with a volume of 105,310 shares.

Wall Street Analyst Weigh In

Separately, Stephens raised The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st.

The Descartes Systems Group Stock Up 0.0%

The firm has a 50-day moving average of C$146.00 and a two-hundred day moving average of C$156.93. The firm has a market capitalization of C$9.62 billion, a PE ratio of 69.74, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The company has a current ratio of 1.34, a quick ratio of 1.85 and a debt-to-equity ratio of 0.51.

Insiders Place Their Bets

In other The Descartes Systems Group news, Senior Officer Edward Ryan sold 17,286 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of C$143.03, for a total transaction of C$2,472,433.87. 0.02% of the stock is currently owned by insiders.

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).