Eye Catching Stock:The Descartes Systems Group Inc. (TSX: DSG) (NASDAQ:DSGX)

The Descartes Systems Group Inc. (NASDAQ:DSGX) changed 2.00% to recent value of $36.24. The stock transacted 142347 shares during most recent day however it has an average volume of 147.72K shares. It spotted trading -12.88% off 52-week high price. On the other end, the stock has been noted 43.87% away from the low price over the last 52-weeks.

 On Sept. 04, 2019, The Descartes Systems Group Inc. (TSX: DSG) (NASDAQ:DSGX) notified its financial results for its fiscal 2020 second quarter (Q2FY20).All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP).

Our customers are facing a more dynamic business environment than ever, with global trade regulations changing on a daily basis and economic conditions in constant flux, said Edward J. Ryan, Descartes’ CEO. This creates opportunities for companies that can react quickly with timely, reliable information and challenges for those that cannot.  Our continued investments in our Global Logistics Network are helping our customers successfully navigate this environment, and in turn our customers continue to do more business with us, which is reflected in our strong financial results.

Q2FY20 Financial Results

As described in more detail below, key financial highlights for Descartes’ Q2FY20 included:

DSGX has a gross margin of 73.30% and an operating margin of 15.20% while its profit margin remained 11.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 18.40% for this year while earning per share for the next 5-years is expected to reach at 11.60%.

 The company has 83.41M of outstanding shares and 83.41M shares were floated in the market. According to the most recent quarter its current ratio was 0.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.29% from the mean of 20 days, 0.63% from mean of 50 days SMA and performed 5.08% from mean of 200 days price. Company’s performance for the week was 3.96%, 4.83% for month and YTD performance remained 36.96%.

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