Dollarama (OTCMKTS:DLMAF) Shares Gap Up – Here’s Why

Dollarama Inc. (OTCMKTS:DLMAF) gapped up before the market opened on Thursday. The stock had previously closed at $132.9635, but opened at $142.37. Dollarama shares last traded at $142.37, with a volume of 148 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Ventum Financial upgraded Dollarama to a “strong-buy” rating in a research note on Thursday, August 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Dollarama in a research note on Thursday, September 17th. Five analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Dollarama Price Performance

The stock’s 50-day moving average is $129.83 and its two-hundred day moving average is $129.65. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.54 and a current ratio of 1.55. The stock has a market cap of $38.17 billion and a PE ratio of 39.55.

Dollarama (OTCMKTS:DLMAF) last announced its earnings results on Wednesday, September 16th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.01. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Dollarama had a net margin of 17.32% and a return on equity of 96.41%. On average, equities analysts predict that Dollarama Inc. will post 3.70 earnings per share for the current year.

Dollarama Company Profile

Dollarama Inc is a Canadian value retailer that operates stores offering general merchandise, consumable products and seasonal items at low, fixed price points. Its product selection typically includes household goods, kitchenware, hardware, stationery, party supplies, toys, health and beauty products, snacks and other everyday necessities.

The company traces its origins to 1992, when the first Dollarama store opened in Matane, Quebec. It has since expanded into a nationwide retail network serving communities across Canada, with stores located in urban, suburban and smaller markets.