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

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as C$87.62 and last traded at C$87.92, with a volume of 167042 shares. The stock had previously closed at C$94.09.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DSG shares. TD Securities upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Friday, December 5th. Raymond James Financial upgraded The Descartes Systems Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, December 4th. Finally, Barclays upgraded The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

The Descartes Systems Group Price Performance

The company has a current ratio of 1.34, a quick ratio of 1.85 and a debt-to-equity ratio of 0.51. The company has a market cap of C$7.58 billion, a PE ratio of 49.55, a P/E/G ratio of 2.39 and a beta of 0.30. The firm has a 50 day moving average of C$116.14 and a two-hundred day moving average of C$126.80.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported C$0.70 earnings per share (EPS) for the quarter. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%.The business had revenue of C$263.74 million during the quarter. Research analysts predict that The Descartes Systems Group Inc. will post 3.3498285 earnings per share for the current fiscal year.

About The Descartes Systems Group

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.