Dollarama (OTCMKTS:DLMAF) Share Price Passes Above 50-Day Moving Average – What’s Next?

Shares of Dollarama Inc. (OTCMKTS:DLMAF) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $128.31 and traded as high as $132.65. Dollarama shares last traded at $132.3499, with a volume of 45,376 shares.

Wall Street Analysts Forecast Growth

DLMAF has been the subject of several research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Dollarama in a report on Friday, June 12th. Zacks Research raised shares of Dollarama to a “hold” rating in a research report on Monday, March 16th. Canaccord Genuity Group raised shares of Dollarama to a “hold” rating in a research report on Tuesday, March 24th. Jefferies Financial Group raised shares of Dollarama to a “strong-buy” rating in a research report on Wednesday, March 25th. Finally, Scotiabank restated an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Four investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Dollarama Stock Performance

The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.31 and a current ratio of 1.13. The company has a market cap of $36.68 billion and a P/E ratio of 51.27. The firm has a 50 day moving average price of $128.42 and a 200-day moving average price of $136.08.

Dollarama (OTCMKTS:DLMAF) last issued its quarterly earnings data on Thursday, June 11th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Dollarama had a return on equity of 94.43% and a net margin of 17.65%.The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. On average, research analysts predict that Dollarama Inc. will post 3.65 EPS for the current 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.