Dollarama (OTCMKTS:DLMAF) Shares Gap Down – Time to Sell?

Dollarama Inc. (OTCMKTS:DLMAFGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $160.86, but opened at $151.03. Dollarama shares last traded at $151.03, with a volume of 188 shares changing hands.

Analyst Ratings Changes

A number of brokerages have commented on DLMAF. CIBC reiterated an “outperform” rating on shares of Dollarama in a research report on Friday, December 12th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Dollarama in a report on Friday, November 28th. TD Securities reiterated a “buy” rating on shares of Dollarama in a research report on Friday, December 12th. Sanford C. Bernstein began coverage on shares of Dollarama in a research note on Wednesday, September 17th. They issued an “outperform” rating for the company. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Dollarama in a research note on Thursday, December 4th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Dollarama presently has a consensus rating of “Buy”.

Read Our Latest Analysis on Dollarama

Dollarama Stock Down 0.5%

The firm’s fifty day moving average is $140.33 and its two-hundred day moving average is $137.67.

Dollarama (OTCMKTS:DLMAFGet Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.35 billion.

Dollarama Company Profile

(Get Free Report)

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.

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