The Descartes Systems Group (TSE:DSG) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$154.81 and traded as low as C$141.04. The Descartes Systems Group shares last traded at C$143.14, with a volume of 106,673 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DSG. Loop Capital raised The Descartes Systems Group to a “strong-buy” rating in a research report on Tuesday, December 17th. Stephens raised The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st. One investment analyst has rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, The Descartes Systems Group has an average rating of “Buy”.

The Descartes Systems Group Stock Performance

The firm has a market capitalization of C$8.67 billion, a PE ratio of 62.87, 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. The business’s 50 day simple moving average is C$161.40 and its two-hundred day simple moving average is C$154.81.

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.