Dollarama (OTCMKTS:DLMAF) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Dollarama Inc. (OTCMKTS:DLMAF)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $130.07 and traded as low as $124.72. Dollarama shares last traded at $124.72, with a volume of 21,617 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DLMAF. BMO Capital Markets reissued an “outperform” rating on shares of Dollarama in a research report on Thursday, June 12th. Sanford C. Bernstein began coverage on shares of Dollarama in a research report on Wednesday, September 17th. They set an “outperform” rating for the company. National Bankshares reissued an “outperform” rating on shares of Dollarama in a research report on Thursday, June 12th. CIBC reissued a “neutral” rating on shares of Dollarama in a research report on Thursday, June 12th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Dollarama in a research report on Tuesday, August 26th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Dollarama Trading Down 1.5%

The stock’s 50-day moving average price is $135.93 and its 200 day moving average price is $130.07.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.