The Descartes Systems Group (TSE:DSG) Upgraded by TD Securities to “Strong-Buy” Rating

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) was upgraded by TD Securities to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

The Descartes Systems Group Price Performance

The Descartes Systems Group stock opened at C$130.99 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 1.85. The business has a 50 day simple moving average of C$139.60 and a 200-day simple moving average of C$143.15. The Descartes Systems Group has a 12 month low of C$126.88 and a 12 month high of C$177.98. The stock has a market capitalization of C$11.26 billion, a PE ratio of 77.51, a price-to-earnings-growth ratio of 2.39 and a beta of 0.57.

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).