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

Dollarama Inc. (OTCMKTS:DLMAF)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $133.2080, but opened at $128.06. Dollarama shares last traded at $128.06, with a volume of 191 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Stifel Nicolaus upgraded shares of Dollarama from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. BMO Capital Markets reissued an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Scotiabank reissued an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Finally, Ventum Financial upgraded shares of Dollarama to a “strong-buy” rating in a report on Thursday, August 20th. Five investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Dollarama currently has a consensus rating of “Buy”.

Dollarama Trading Down 1.4%

The stock’s fifty day moving average price is $134.19 and its 200 day moving average price is $132.87. The stock has a market cap of $33.85 billion and a P/E ratio of 47.58. The company has a current ratio of 1.57, a quick ratio of 0.70 and a debt-to-equity ratio of 3.96.

Dollarama (OTCMKTS:DLMAF) last issued its quarterly earnings results on Thursday, June 11th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.05. Dollarama had a net margin of 17.65% and a return on equity of 94.77%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Equities research analysts expect that Dollarama Inc. will post 3.68 earnings per share for the current 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.