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

Dollarama Inc. (OTCMKTS:DLMAF) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $138.13 and traded as low as $136.88. Dollarama shares last traded at $137.29, with a volume of 444 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DLMAF shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Dollarama in a research report on Friday, November 28th. TD Securities reissued a “buy” rating on shares of Dollarama in a report on Friday, December 12th. National Bankshares restated an “outperform” rating on shares of Dollarama in a report on Thursday, December 4th. CIBC reiterated an “outperform” rating on shares of Dollarama in a research note on Friday, December 12th. Finally, Scotiabank reissued an “outperform” rating on shares of Dollarama in a research report on Friday, December 12th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Dollarama Stock Up 0.2%

The company has a current ratio of 1.09, a quick ratio of 0.23 and a debt-to-equity ratio of 3.55. The business’s fifty day moving average price is $144.34 and its 200 day moving average price is $138.13. The company has a market capitalization of $37.59 billion and a P/E ratio of 163.44.

Dollarama (OTCMKTS:DLMAF) last posted its quarterly earnings results on Thursday, December 11th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.05. The firm had revenue of $1.36 billion during 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.