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

TD Securities upgraded shares of The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

The Descartes Systems Group Stock Up 1.6%

TSE DSG 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 stock has a market capitalization of C$11.26 billion, a PE ratio of 77.51, a PEG ratio of 2.39 and a beta of 0.57. The Descartes Systems Group has a 1 year low of C$126.88 and a 1 year high of C$177.98. The business’s 50-day moving average is C$139.60 and its 200 day moving average is C$143.15.

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).