Descartes Systems Group (TSE:DSG) Stock Price Passes Above 50-Day Moving Average of $48.56

Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $48.56 and traded as high as $52.61. Descartes Systems Group shares last traded at $51.82, with a volume of 41,752 shares traded.

DSG has been the topic of several analyst reports. BMO Capital Markets set a C$43.00 target price on Descartes Systems Group and gave the company a “market perform” rating in a research note on Friday, May 31st. Barclays lifted their target price on Descartes Systems Group from C$55.00 to C$61.00 in a research note on Thursday, May 30th.

The firm has a 50 day simple moving average of C$48.66 and a two-hundred day simple moving average of C$49.97. The company has a market capitalization of $4.45 billion and a PE ratio of 130.75. The company has a current ratio of 0.87, a quick ratio of 0.74 and a debt-to-equity ratio of 4.56.

Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its earnings results on Wednesday, September 4th. The company reported C$0.13 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.01. The company had revenue of C$106.96 million during the quarter, compared to analysts’ expectations of C$107.57 million. Research analysts expect that Descartes Systems Group Inc will post 0.5397415 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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