D2L (OTCMKTS:DTLIF) Shares Up 2.9% – Here’s Why

D2L Inc. (OTCMKTS:DTLIF) shot up 2.9% during trading on Thursday . The stock traded as high as C$7.37 and last traded at C$7.37. Approximately 2,083 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 3,592 shares. The stock had previously closed at C$7.16.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DTLIF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of D2L in a research report on Friday, March 27th. BMO Capital Markets reissued a “market perform” rating on shares of D2L in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, D2L has an average rating of “Moderate Buy”.

D2L Trading Up 2.9%

The company has a fifty day simple moving average of C$6.98 and a two-hundred day simple moving average of C$7.54.

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

D2L Company Profile

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.