Dassault Systemes (OTCMKTS:DASTY) Hits New 12-Month Low – Should You Sell?

Shares of Dassault Systemes SA (OTCMKTS:DASTY) hit a new 52-week low during trading on Thursday . The company traded as low as $26.62 and last traded at $26.67, with a volume of 293250 shares trading hands. The stock had previously closed at $26.97.

Analyst Ratings Changes

Several equities analysts recently weighed in on DASTY shares. Wall Street Zen lowered shares of Dassault Systemes from a “buy” rating to a “hold” rating in a research report on Sunday, September 14th. Citigroup reiterated a “neutral” rating on shares of Dassault Systemes in a research report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy”.

Dassault Systemes Stock Down 1.8%

The stock has a fifty day simple moving average of $31.25 and a two-hundred day simple moving average of $33.79. The firm has a market cap of $35.55 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 6.18 and a beta of 0.99. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.25.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Rhumbline Advisers raised its position in shares of Dassault Systemes by 18.9% in the first quarter. Rhumbline Advisers now owns 20,836 shares of the technology company’s stock worth $795,000 after buying an additional 3,306 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of Dassault Systemes by 7.4% during the 2nd 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 during the last quarter. Finally, Azimuth Capital Investment Management LLC grew 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 in the last quarter. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

Dassault Systemes Company Profile

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.