Dollarama (OTCMKTS:DLMAF) Shares Gap Down – Here’s What Happened

Dollarama Inc. (OTCMKTS:DLMAF)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $133.35, but opened at $120.15. Dollarama shares last traded at $120.15, with a volume of 260 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Dollarama to a “strong-buy” rating in a research note on Wednesday, March 25th. Royal Bank Of Canada upgraded shares of Dollarama to a “moderate buy” rating in a report on Monday, March 16th. National Bank Financial raised Dollarama to a “strong-buy” rating in a research report on Wednesday, March 25th. UBS Group raised Dollarama to a “hold” rating in a research report on Wednesday, March 25th. Finally, Zacks Research upgraded Dollarama to a “hold” rating in a research note on Monday, March 16th. Four research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Dollarama currently has a consensus rating of “Buy”.

Dollarama Stock Performance

The business has a fifty day simple moving average of $129.68 and a two-hundred day simple moving average of $135.49. The company has a quick ratio of 0.70, a current ratio of 1.57 and a debt-to-equity ratio of 3.96. The company has a market cap of $36.04 billion and a P/E ratio of 50.38.

Dollarama (OTCMKTS:DLMAF) last announced its earnings results on Thursday, June 11th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.05. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Dollarama had a net margin of 17.65% and a return on equity of 94.77%. On average, sell-side analysts anticipate that Dollarama Inc. will post 3.65 EPS 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.