The Descartes Systems Group (TSE:DSG) Trading 7.4% Higher – Here’s What Happened

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s share price traded up 7.4% during trading on Thursday . The stock traded as high as C$112.19 and last traded at C$110.50. 51,069 shares changed hands during trading, a decline of 84% from the average session volume of 329,118 shares. The stock had previously closed at C$102.88.

Analyst Ratings Changes

Separately, Rothschild & Co Redburn upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Three investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

The Descartes Systems Group Trading Up 8.8%

The company has a market cap of C$9.62 billion, a price-to-earnings ratio of 59.87, a price-to-earnings-growth ratio of 2.39 and a beta of 0.14. The company’s fifty day moving average price is C$98.12 and its two-hundred day moving average price is C$105.05. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.52.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its earnings results on Wednesday, June 3rd. The company reported C$0.75 EPS for the quarter. The Descartes Systems Group had a net margin of 22.47% and a return on equity of 10.76%. The firm had revenue of C$262.96 million during the quarter. Research analysts expect that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current year.

Insiders Place Their Bets

In other The Descartes Systems Group news, Director John Scott Pagan sold 20,163 shares of The Descartes Systems Group stock in a transaction on Monday, April 13th. The shares were sold at an average price of C$90.83, for a total transaction of C$1,831,405.29. Following the completion of the sale, the director owned 127,639 shares of the company’s stock, valued at approximately C$11,593,450.37. The trade was a 13.64% decrease in their position. Also, insider Edward Ryan sold 34,193 shares of The Descartes Systems Group stock in a transaction on Monday, April 13th. The stock was sold at an average price of C$89.70, for a total transaction of C$3,067,112.10. Following the transaction, the insider directly owned 44,539 shares in the company, valued at approximately C$3,995,148.30. This represents a 43.43% decrease in their ownership of the stock. 0.02% of the stock is currently owned by insiders.

The Descartes Systems Group Company Profile

Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (‘GLN’). Shippers, carriers, and logistics service providers connect and collaborate on the GLN, leveraging technology, data and artificial intelligence (‘AI’) to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes.