The Descartes Systems Group (TSE:DSG) Reaches New 52-Week High – What’s Next?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares hit a new 52-week high during mid-day trading on Thursday. The company traded as high as C$134.26 and last traded at C$134.01, with a volume of 47,560 shares changing hands. The stock had previously closed at C$132.22.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, The Descartes Systems Group presently has a consensus rating of “Strong Buy”.

The Descartes Systems Group Price Performance

The company has a market cap of C$11.28 billion, a PE ratio of 61.30, a price-to-earnings-growth ratio of 2.39 and a beta of 0.07. The company has a quick ratio of 1.85, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The firm has a 50 day simple moving average of C$116.71 and a 200-day simple moving average of C$104.06.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its quarterly earnings results on Thursday, September 10th. The company reported C$0.80 EPS for the quarter. The Descartes Systems Group had a return on equity of 11.69% and a net margin of 24.25%. The company had revenue of C$281.94 million during the quarter. As a group, research analysts predict that The Descartes Systems Group Inc. will post 3.35 earnings per share for the current fiscal year.

Insider Buying and Selling at The Descartes Systems Group

In other news, insider Edward Ryan sold 27,888 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of C$111.68, for a total value of C$3,114,531.84. 0.02% of the stock is owned by company insiders.

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.