The Descartes Systems Group (TSE:DSG) Upgraded by National Bank Financial to “Strong-Buy”

National Bank Financial upgraded shares of The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) to a strong-buy rating in a report published on Wednesday, Zacks.com reports.

The Descartes Systems Group Trading Down 2.4 %

Shares of The Descartes Systems Group stock opened at C$137.99 on Wednesday. The Descartes Systems Group has a 1 year low of C$96.51 and a 1 year high of C$143.33. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.79 and a quick ratio of 1.85. The stock has a market cap of C$11.80 billion, a PE ratio of 68.65, a price-to-earnings-growth ratio of 2.39 and a beta of 0.74. The firm has a fifty day moving average price of C$135.30 and a 200 day moving average price of C$131.05.

Insider Buying and Selling

In related news, Senior Officer Kenneth Edward Wood sold 10,079 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$131.82, for a total value of C$1,328,613.78. 0.02% of the stock is 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.