Dollarama (OTCMKTS:DLMAF) Shares Gap Down – Time to Sell?
by Amy Steele · The Cerbat GemDollarama Inc. (OTCMKTS:DLMAF – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $160.86, but opened at $151.03. Dollarama shares last traded at $151.03, with a volume of 188 shares changing hands.
Wall Street Analyst Weigh In
DLMAF has been the subject of several research reports. CIBC reiterated an “outperform” rating on shares of Dollarama in a research note on Friday, December 12th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Dollarama in a report on Friday, November 28th. National Bankshares reaffirmed an “outperform” rating on shares of Dollarama in a report on Thursday, December 4th. TD Securities reaffirmed a “buy” rating on shares of Dollarama in a report on Friday, December 12th. Finally, Sanford C. Bernstein assumed coverage on Dollarama in a research note on Wednesday, September 17th. They issued an “outperform” rating on the stock. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.
Get Our Latest Stock Report on DLMAF
Dollarama Trading Down 6.2%
The firm has a fifty day moving average price of $139.50 and a 200 day moving average price of $137.56.
Dollarama (OTCMKTS:DLMAF – Get Free Report) last released its quarterly earnings data on Thursday, December 11th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.05. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion.
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.