Dollarama (OTCMKTS:DLMAF) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Dollarama Inc. (OTCMKTS:DLMAF)’s share price 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.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Dollarama to a “hold” rating in a report on Monday, March 16th. BMO Capital Markets raised shares of Dollarama to a “strong-buy” rating in a report on Tuesday, March 24th. National Bank Financial raised shares of Dollarama to a “strong-buy” rating in a report on Wednesday, March 25th. Scotiabank raised shares of Dollarama to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Canadian Imperial Bank of Commerce raised shares of Dollarama to a “strong-buy” rating in a report on Wednesday, March 25th. Seven research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Dollarama presently has an average rating of “Buy”.

Dollarama Stock Up 1.5%

The business’s fifty day simple moving average is $129.91 and its 200 day simple moving average is $137.47. 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 stock has a market cap of $34.36 billion and a price-to-earnings ratio of 67.78.

Dollarama (OTCMKTS:DLMAF) last released its earnings results on Tuesday, March 24th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.01. Dollarama had a net margin of 18.05% and a return on equity of 94.85%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. Equities analysts forecast that Dollarama Inc. will post 3.71 earnings per share for the current fiscal 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.