Dassault Systemes (OTCMKTS:DASTY) Shares Cross Above 50 Day Moving Average – Should You Sell?

Dassault Systemes SA (OTCMKTS:DASTY)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $23.05 and traded as high as $26.54. Dassault Systemes shares last traded at $26.47, with a volume of 66,546 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Zacks Research upgraded shares of Dassault Systemes from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Dassault Systemes in a report on Tuesday. Finally, Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Dassault Systemes Stock Down 0.6%

The firm’s 50-day moving average price is $23.17 and its two-hundred day moving average price is $22.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $34.41 billion, a PE ratio of 22.69, a P/E/G ratio of 5.33 and a beta of 0.98.

Hedge Funds Weigh In On Dassault Systemes

A hedge fund recently bought a new stake in Dassault Systemes stock. Douglass Winthrop Advisors LLC acquired a new position in shares of Dassault Systemes SA (OTCMKTS:DASTY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. Institutional investors own 0.03% of the company’s stock.

About Dassault Systemes

Dassault Systèmes is a France-based software company that develops solutions for 3D design, digital mock-up and product lifecycle management (PLM). Founded as a technology spin-off from Dassault Aviation in 1981, the company is headquartered near Paris and has grown into a global provider of engineering and business software used to model, simulate and manage products and processes across their lifecycles. Its platforms and applications are aimed at enabling digital continuity from ideation and design through manufacturing, operation and service.

The company’s product portfolio centers on the 3DEXPERIENCE platform, which integrates applications for computer-aided design (CAD), simulation, data management and collaboration.