The Descartes Systems Group (TSE:DSG) Upgraded at TD Securities

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

The Descartes Systems Group Stock Up 1.6%

Shares of TSE:DSG opened at C$130.99 on Thursday. The Descartes Systems Group has a 1 year low of C$126.88 and a 1 year high of C$177.98. The stock has a market capitalization of C$11.26 billion, a P/E ratio of 77.51, a PEG ratio of 2.39 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.85 and a current ratio of 1.34. The stock has a 50-day simple moving average of C$139.60 and a 200-day simple moving average of C$143.14.

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).