The Descartes Systems Group (TSE:DSG) Trading Down 7.2% – Should You Sell?

Shares of The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) were down 7.2% during trading on Thursday . The company traded as low as C$139.28 and last traded at C$147.62. Approximately 102,046 shares were traded during trading, a decline of 20% from the average daily volume of 127,062 shares. The stock had previously closed at C$159.01.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DSG shares. Loop Capital raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Tuesday, December 17th. Barclays raised shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Stephens raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st. One analyst has rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, The Descartes Systems Group has an average rating of “Buy”.

The Descartes Systems Group Stock Down 0.8 %

The business’s 50-day moving average price is C$164.06 and its 200-day moving average price is C$154.29. The company has a quick ratio of 1.85, a current ratio of 1.34 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of C$8.73 billion, a PE ratio of 63.33, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74.

Insider Transactions at The Descartes Systems Group

In related news, Senior Officer Allan Brett sold 5,260 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of C$171.60, for a total value of C$902,616.00. 0.02% of the stock is owned by insiders.

About The Descartes Systems Group

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.