Dollarama (OTCMKTS:DLMAF) Stock Price Up 12.1% – Here’s What Happened

by · The Markets Daily

Dollarama Inc. (OTCMKTS:DLMAF – Get Free Report) shares rose 12.1% during mid-day trading on Friday. The stock traded as high as $145.73 and last traded at $145.73. Approximately 335 shares changed hands during trading, a decline of 99% from the average session volume of 24,511 shares. The stock had previously closed at $130.00.

Analyst Upgrades and Downgrades

DLMAF has been the subject of several recent research reports. Ventum Financial raised Dollarama to a “strong-buy” rating in a research note on Thursday, August 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Dollarama in a research note on Thursday, September 17th. Five equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Dollarama has a consensus rating of “Buy”.

Read Our Latest Research Report on DLMAF

Dollarama Stock Down 27.4%

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 capitalization of $27.78 billion and a price-to-earnings ratio of 28.79. The business has a 50-day moving average of $129.94 and a 200-day moving average of $129.81.

Dollarama (OTCMKTS:DLMAF – Get Free Report) last released its quarterly earnings results on Wednesday, September 16th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01. The business 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, sell-side analysts expect that Dollarama Inc. will post 3.70 EPS for the current year.

Dollarama Company Profile

(Get Free Report)

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.

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