Dassault Systemes (OTCMKTS:DASTY) Hits New 52-Week Low – What’s Next?

Dassault Systemes SA (OTCMKTS:DASTY)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $29.99 and last traded at $30.23, with a volume of 40695 shares changing hands. The stock had previously closed at $35.03.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a research note on Friday, July 25th. Wall Street Zen cut shares of Dassault Systemes from a “buy” rating to a “hold” rating in a research note on Sunday, September 14th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Dassault Systemes Stock Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $40.26 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 4.69 and a beta of 1.01. The firm’s fifty day moving average is $32.54 and its 200 day moving average is $35.01.

Institutional Trading of Dassault Systemes

Several institutional investors have recently made changes to their positions in the stock. Azimuth Capital Investment Management LLC boosted its holdings in shares of Dassault Systemes by 27.5% during the first quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company’s stock worth $4,545,000 after purchasing an additional 25,988 shares during the period. Yousif Capital Management LLC raised its position in Dassault Systemes by 7.4% during the second 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 in the last quarter. Finally, Rhumbline Advisers raised its position in Dassault Systemes by 18.9% during the first 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 in the last quarter. 0.03% of the stock is currently owned by institutional investors and hedge funds.

About Dassault Systemes

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.