Dollarama (OTCMKTS:DLMAF) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Dollarama Inc. (OTCMKTS:DLMAF) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $137.25 and traded as low as $128.50. Dollarama shares last traded at $128.5150, with a volume of 2,148 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Zacks Research raised Dollarama to a “hold” rating in a report on Monday, March 16th. Royal Bank Of Canada raised Dollarama to a “moderate buy” rating in a report on Monday, March 16th. BMO Capital Markets raised Dollarama to a “strong-buy” rating in a report on Tuesday, March 24th. Canadian Imperial Bank of Commerce raised Dollarama to a “strong-buy” rating in a report on Wednesday, March 25th. Finally, Canaccord Genuity Group raised Dollarama to a “hold” rating in a report on Tuesday, March 24th. Seven research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Dollarama Trading Down 0.8%

The firm has a 50 day simple moving average of $127.74 and a 200 day simple moving average of $137.25. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market cap of $34.84 billion and a P/E ratio of 68.72.

Dollarama (OTCMKTS:DLMAF) last issued its earnings results 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 return on equity of 94.85% and a net margin of 18.05%.The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. On average, equities research analysts predict that Dollarama Inc. will post 3.71 EPS for the current fiscal 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.