Descartes Systems Group (TSE:DSG) Stock Price Passes Above 50-Day Moving Average of $48.98

Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $48.98 and traded as high as $47.95. Descartes Systems Group shares last traded at $46.84, with a volume of 46,706 shares.

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

The company has a debt-to-equity ratio of 46.17, a quick ratio of 0.79 and a current ratio of 0.94. The stock has a market cap of $3.95 billion and a P/E ratio of 117.53. The business has a fifty day moving average of C$48.89.

Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued 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 analyst estimates of C$106.22 million. Sell-side 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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