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

Dollarama Inc. (OTCMKTS:DLMAF)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $125.32, but opened at $121.01. Dollarama shares last traded at $121.01, with a volume of 487 shares.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Scotiabank reaffirmed an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Ventum Financial upgraded shares of Dollarama to a “strong-buy” rating in a research note on Thursday, August 20th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Dollarama in a report on Friday, June 12th. Five equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Dollarama Price Performance

The company has a market cap of $32.51 billion and a PE ratio of 45.70. 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 firm has a 50 day simple moving average of $132.38 and a 200-day simple moving average of $131.74.

Dollarama (OTCMKTS:DLMAF) last released its quarterly earnings results on Thursday, June 11th. The company reported $0.77 EPS for the quarter, beating 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 business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. As a group, research analysts predict that Dollarama Inc. will post 3.68 earnings per share for the current fiscal year.

Dollarama Company Profile

Dollarama Inc is a Canadian value retailer that operates a chain of stores offering a broad assortment of everyday consumer products at fixed, low price points. Its merchandise includes general merchandise, household supplies, seasonal items, toys, stationery, party goods, hardware, kitchen products, and select food and convenience products.

Founded in 1992, Dollarama has expanded into one of Canada’s largest discount-store networks, serving communities across the country through stores in all provinces and territories.