Dollarama (OTCMKTS:DLMAF) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Dollarama Inc. (OTCMKTS:DLMAF) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $143.41 and traded as high as $148.18. Dollarama shares last traded at $148.18, with a volume of 1,061 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DLMAF. National Bank Financial restated an “outperform” rating on shares of Dollarama in a report on Thursday, December 4th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Dollarama in a research report on Friday, December 12th. Royal Bank Of Canada restated an “outperform” rating on shares of Dollarama in a report on Friday, November 28th. Scotiabank reaffirmed an “outperform” rating on shares of Dollarama in a research note on Friday, December 12th. Finally, TD Securities reissued a “buy” rating on shares of Dollarama in a research report on Friday, December 12th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Dollarama Price Performance

The stock has a market capitalization of $39.77 billion and a PE ratio of 173.45. The company has a quick ratio of 0.23, a current ratio of 1.09 and a debt-to-equity ratio of 3.55. The stock’s 50-day moving average is $143.25 and its 200 day moving average is $138.83.

Dollarama (OTCMKTS:DLMAF) last released its earnings results on Thursday, December 11th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. Dollarama had a net margin of 18.61% and a return on equity of 98.93%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion.

Dollarama Company Profile

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.