The Descartes Systems Group (TSE:DSG) Insider William Chad Murphy Sells 2,772 Shares

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) insider William Chad Murphy sold 2,772 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of C$101.05, for a total value of C$280,110.60.

The Descartes Systems Group Stock Down 1.1%

Shares of DSG traded down C$1.12 during trading hours on Monday, hitting C$98.71. The company had a trading volume of 114,153 shares, compared to its average volume of 332,491. The company has a current ratio of 2.05, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The company has a market capitalization of C$8.46 billion, a PE ratio of 49.11, a price-to-earnings-growth ratio of 2.39 and a beta of 0.11. The Descartes Systems Group Inc. has a one year low of C$85.26 and a one year high of C$150.74. The company’s fifty day moving average price is C$99.50 and its two-hundred day moving average price is C$103.04.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its earnings results on Wednesday, June 3rd. The company reported C$0.75 earnings per share (EPS) for the quarter. The Descartes Systems Group had a return on equity of 11.26% and a net margin of 23.35%.The company had revenue of C$262.95 million for the quarter. As a group, equities analysts forecast that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

About The Descartes Systems Group

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.