Dollarama (OTCMKTS:DLMAF) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Dollarama Inc. (OTCMKTS:DLMAF) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $137.47 and traded as low as $126.14. Dollarama shares last traded at $126.75, with a volume of 948 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DLMAF shares. Zacks Research raised shares of Dollarama to a “hold” rating in a research report on Monday, March 16th. BMO Capital Markets raised shares of Dollarama to a “strong-buy” rating in a research report on Tuesday, March 24th. Wells Fargo & Company raised shares of Dollarama to a “hold” rating in a research report on Tuesday, March 24th. UBS Group raised shares of Dollarama to a “hold” rating in a research report on Wednesday, March 25th. Finally, Canaccord Genuity Group upgraded shares of Dollarama to a “hold” rating in a report on Tuesday, March 24th. Seven equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Dollarama has a consensus rating of “Buy”.

Dollarama Stock Down 2.3%

The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 3.17. The firm has a market capitalization of $33.56 billion and a P/E ratio of 66.20. The company’s fifty day simple moving average is $129.47 and its 200 day simple moving average is $137.38.

Dollarama (OTCMKTS:DLMAF) last issued its quarterly earnings data on Tuesday, March 24th. The company reported $1.03 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 business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. Research analysts expect that Dollarama Inc. will post 3.71 EPS for the current year.

About Dollarama

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.