Dollarama (OTCMKTS:DLMAF) Hits New 12-Month Low – Time to Sell?

Dollarama Inc. (OTCMKTS:DLMAF) shares hit a new 52-week low on Saturday. The stock traded as low as $103.63 and last traded at $145.87, with a volume of 91,435 shares trading hands. The stock had previously closed at $142.79.

Analyst Ratings Changes

A number of research firms have weighed in on DLMAF. 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 report 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 stock. According to MarketBeat.com, Dollarama has a consensus rating of “Buy”.

Dollarama Price Performance

The stock has a fifty day moving average of $130.10 and a two-hundred day moving average of $129.92. The stock has a market cap of $39.11 billion and a price-to-earnings ratio of 40.11. The company has a quick ratio of 0.54, a current ratio of 1.55 and a debt-to-equity ratio of 3.71.

Dollarama (OTCMKTS:DLMAF) last issued its 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. Dollarama had a net margin of 17.32% and a return on equity of 96.41%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. On average, equities research analysts anticipate that Dollarama Inc. will post 3.70 earnings per share for the current year.

About Dollarama

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.