Descartes Systems Group (TSE:DSG) Stock Price Passes Above Fifty Day Moving Average of $53.51

Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $53.51 and traded as high as $56.54. Descartes Systems Group shares last traded at $56.16, with a volume of 71,773 shares traded.

The company has a quick ratio of 0.74, a current ratio of 0.87 and a debt-to-equity ratio of 4.56. The firm’s 50 day simple moving average is C$53.51 and its 200-day simple moving average is C$50.98. The company has a market capitalization of $4.71 billion and a PE ratio of 140.40.

Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its quarterly earnings data on Wednesday, September 4th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.12 by C$0.01. The business had revenue of C$106.96 million for the quarter, compared to analysts’ expectations of C$107.57 million. As a group, sell-side analysts anticipate that Descartes Systems Group Inc will post 0.54 EPS for the current fiscal year.

Descartes Systems Group Company Profile (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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