D2L (OTCMKTS:DTLIF) Shares Down 2.4% – Should You Sell?

D2L Inc. (OTCMKTS:DTLIF)’s share price fell 2.4% during trading on Wednesday . The company traded as low as C$7.22 and last traded at C$7.22. 5,906 shares were traded during trading, an increase of 66% from the average session volume of 3,548 shares. The stock had previously closed at C$7.40.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of D2L in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, D2L presently has an average rating of “Moderate Buy”.

D2L Stock Performance

The stock has a 50-day moving average price of C$6.66 and a 200 day moving average price of C$9.42.

D2L (OTCMKTS:DTLIF) last posted its 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 firm 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.