Descartes Systems Group (TSE:DSG) Stock Price Passes Below 50 Day Moving Average of $52.59

Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $52.59 and traded as low as $47.51. Descartes Systems Group shares last traded at $48.37, with a volume of 63,115 shares trading hands.

Several research firms have recently weighed in on DSG. Barclays lifted their price objective on shares of Descartes Systems Group from C$55.00 to C$61.00 in a research note on Thursday, May 30th. BMO Capital Markets set a C$43.00 price objective on shares of Descartes Systems Group and gave the company a “market perform” rating in a research note on Friday, May 31st.

The firm’s 50 day simple moving average is C$52.32. The company has a market cap of $4.34 billion and a P/E ratio of 121.13. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 46.17.

Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its quarterly earnings data on Wednesday, May 29th. The company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.18 by C($0.06). The firm had revenue of C$103.71 million for the quarter, compared to the consensus estimate of C$106.22 million. On average, analysts predict that Descartes Systems Group Inc will post 0.54 earnings per share for the current fiscal year.

About Descartes Systems Group (TSE:DSG)

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

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