The Descartes Systems Group (TSE:DSG) Stock Price Down 7.2% – Should You Sell?

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX)’s stock price fell 7.2% on Thursday . The company traded as low as C$139.28 and last traded at C$147.62. 102,046 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 127,062 shares. The stock had previously closed at C$159.01.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DSG shares. Loop Capital upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a report on Tuesday, December 17th. Stephens upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a report on Saturday, February 1st. Finally, Barclays upgraded shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$110.00.

The Descartes Systems Group Stock Down 10.5 %

The business’s 50 day moving average is C$164.90 and its 200-day moving average is C$154.27. The stock has a market cap of C$8.62 billion, a price-to-earnings ratio of 62.53, a PEG ratio of 2.39 and a beta of 0.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.85 and a current ratio of 1.34.

Insiders Place Their Bets

In other news, Senior Officer Allan Brett sold 5,260 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of C$171.60, for a total transaction of C$902,616.00. 0.02% of the stock is currently owned by corporate insiders.

About The Descartes Systems Group

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.