The Descartes Systems Group (TSE:DSG) Reaches New 12-Month Low – Here’s What Happened

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as C$116.67 and last traded at C$116.79, with a volume of 17831 shares trading hands. The stock had previously closed at C$118.37.

Analysts Set New Price Targets

Separately, TD Securities upgraded The Descartes Systems Group to a “strong-buy” rating in a research report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group presently has a consensus rating of “Strong Buy”.

The Descartes Systems Group Stock Down 1.8%

The firm has a market cap of C$9.99 billion, a P/E ratio of 68.80, a price-to-earnings-growth ratio of 2.39 and a beta of 0.41. The firm’s 50 day moving average is C$134.89 and its two-hundred day moving average is C$141.05. The company has a current ratio of 1.34, a quick ratio of 1.85 and a debt-to-equity ratio of 0.51.

About The Descartes Systems Group

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).