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

Dollarama Inc. (OTCMKTS:DLMAF) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $143.46 and traded as high as $144.50. Dollarama shares last traded at $143.93, with a volume of 2,152 shares.

Analysts Set New Price Targets

DLMAF has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Dollarama in a research note on Friday, November 28th. Scotiabank restated an “outperform” rating on shares of Dollarama in a research note on Friday, December 12th. Sanford C. Bernstein initiated coverage on shares of Dollarama in a research report on Wednesday, September 17th. They issued an “outperform” rating on the stock. CIBC reissued an “outperform” rating on shares of Dollarama in a research note on Friday, December 12th. Finally, TD Securities restated a “buy” rating on shares of Dollarama in a research note on Friday, December 12th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Dollarama Price Performance

The stock has a fifty day moving average of $143.46 and a two-hundred day moving average of $138.09. The stock has a market cap of $39.41 billion and a price-to-earnings ratio of 171.35. The company has a quick ratio of 0.23, a current ratio of 1.09 and a debt-to-equity ratio of 3.55.

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

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.