D2L (OTCMKTS:DTLIF) Trading 10.5% Higher – Still a Buy?

Shares of D2L Inc. (OTCMKTS:DTLIF) traded up 10.5% during mid-day trading on Wednesday . The stock traded as high as C$7.61 and last traded at C$7.44. 13,600 shares changed hands during mid-day trading, an increase of 275% from the average session volume of 3,623 shares. The stock had previously closed at C$6.73.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of D2L in a report on Friday, March 27th. BMO Capital Markets reiterated a “market perform” rating on shares of D2L in a report on Thursday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

D2L Stock Performance

The company has a fifty day simple moving average of C$6.74 and a two-hundred day simple moving average of C$8.01.

D2L (OTCMKTS:DTLIF) last issued its quarterly earnings results on Wednesday, April 1st. The company reported C$0.16 earnings per share for the quarter. During the same period in the previous year, the company posted $0.46 EPS.

About D2L

D2L, trading under OTCMKTS:DTLIF, is a global provider of cloud-based learning solutions designed to enhance educational outcomes and workforce training. At the core of its offerings is Brightspace, an integrated learning management system (LMS) that supports virtual, blended and in-person learning. The platform delivers a range of tools for course design, assessment, analytics and personalized learning paths, enabling institutions and organizations to track learner progress and adapt content in real time.

The company serves a diverse client base, including K-12 school districts, colleges and universities, and enterprise-level corporate training programs.