The Descartes Systems Group (TSE:DSG) Hits New 12-Month Low – Should You Sell?

Shares of The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) hit a new 52-week low during trading on Monday . The company traded as low as C$113.83 and last traded at C$113.85, with a volume of 80532 shares trading hands. The stock had previously closed at C$116.99.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

The Descartes Systems Group Stock Up 0.8%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.85 and a current ratio of 1.34. The firm’s fifty day simple moving average is C$130.97 and its 200 day simple moving average is C$139.52. The stock has a market capitalization of C$9.61 billion, a price-to-earnings ratio of 66.14, a P/E/G ratio of 2.39 and a beta of 0.41.

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).