Dollarama (OTCMKTS:DLMAF) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Dollarama Inc. (OTCMKTS:DLMAF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $137.25 and traded as low as $128.50. Dollarama shares last traded at $128.5150, with a volume of 2,148 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DLMAF. Jefferies Financial Group upgraded shares of Dollarama to a “strong-buy” rating in a research report on Wednesday, March 25th. Canaccord Genuity Group raised shares of Dollarama to a “hold” rating in a research note on Tuesday, March 24th. Canadian Imperial Bank of Commerce upgraded shares of Dollarama to a “strong-buy” rating in a report on Wednesday, March 25th. Royal Bank Of Canada raised Dollarama to a “moderate buy” rating in a report on Monday, March 16th. Finally, TD Securities upgraded Dollarama to a “strong-buy” rating in a research report on Wednesday, March 25th. Seven analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Dollarama Stock Down 0.8%

The stock has a 50-day moving average price of $127.74 and a 200-day moving average price of $137.25. The company has a market capitalization of $34.84 billion and a P/E ratio of 68.72. The company has a debt-to-equity ratio of 3.17, a current ratio of 1.13 and a quick ratio of 0.31.

Dollarama (OTCMKTS:DLMAF) last released its quarterly earnings results on Tuesday, March 24th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.01. Dollarama had a net margin of 18.05% and a return on equity of 94.85%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. On average, research analysts predict that Dollarama Inc. will post 3.71 EPS for the current fiscal year.

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.