The Descartes Systems Group (TSE:DSG) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$123.04 and traded as high as C$123.35. The Descartes Systems Group shares last traded at C$122.07, with a volume of 84,583 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DSG. Raymond James Financial upgraded The Descartes Systems Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 4th. TD Securities raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

The Descartes Systems Group Stock Down 0.1%

The company has a market capitalization of C$10.49 billion, a P/E ratio of 68.52, a price-to-earnings-growth ratio of 2.39 and a beta of 0.40. 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 stock’s fifty day moving average is C$122.76 and its 200 day moving average is C$133.41.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its earnings results on Wednesday, December 3rd. The company reported C$0.70 EPS for the quarter. The company had revenue of C$263.74 million during the quarter. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. Research analysts predict that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

The Descartes Systems Group Company Profile

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). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.