Dollarama (OTCMKTS:DLMAF) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Dollarama Inc. (OTCMKTS:DLMAF)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $128.31 and traded as high as $132.65. Dollarama shares last traded at $132.3499, with a volume of 45,376 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DLMAF shares. Stifel Nicolaus raised shares of Dollarama from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Wells Fargo & Company raised Dollarama to a “hold” rating in a report on Tuesday, March 24th. National Bank Financial raised Dollarama to a “strong-buy” rating in a research report on Wednesday, March 25th. BMO Capital Markets restated an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Finally, UBS Group raised Dollarama to a “hold” rating in a research report on Wednesday, March 25th. Four analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Dollarama Trading Up 1.0%

The firm’s 50-day moving average price is $128.31 and its 200-day moving average price is $136.15. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 3.17. The company has a market cap of $35.86 billion and a P/E ratio of 50.13.

Dollarama (OTCMKTS:DLMAF) last released its quarterly earnings data on Thursday, June 11th. The company reported $0.77 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 94.43%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. As a group, equities research analysts expect that Dollarama Inc. will post 3.65 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.