D2L (OTCMKTS:DTLIF) Stock Price Down 11.4% – Here’s Why

D2L Inc. (OTCMKTS:DTLIF) was down 11.4% during trading on Wednesday . The stock traded as low as C$6.34 and last traded at C$6.34. Approximately 300 shares changed hands during trading, a decline of 91% from the average daily volume of 3,493 shares. The stock had previously closed at C$7.16.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of D2L in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, D2L has a consensus rating of “Moderate Buy”.

D2L Stock Performance

The stock has a 50-day simple moving average of C$6.58 and a 200 day simple moving average of C$8.63.

D2L (OTCMKTS:DTLIF) last announced its quarterly earnings data on Wednesday, April 1st. The company reported C$0.16 EPS for the quarter. During the same period last year, the business earned $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.