Dollarama (OTCMKTS:DLMAF) Shares Gap Up – Here’s What Happened

Dollarama Inc. (OTCMKTS:DLMAF) shares gapped up before the market opened on Friday . The stock had previously closed at $118.9186, but opened at $124.54. Dollarama shares last traded at $124.54, with a volume of 121 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DLMAF. Ventum Financial raised shares of Dollarama to a “strong-buy” rating in a research report on Thursday, August 20th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Dollarama in a research note on Thursday. BMO Capital Markets reissued an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Finally, Scotiabank restated an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Five analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dollarama has a consensus rating of “Buy”.

Dollarama Stock Performance

The company has a market capitalization of $33.49 billion and a P/E ratio of 34.59. The stock’s fifty day moving average price is $131.33 and its 200-day moving average price is $130.94. The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.70 and a current ratio of 1.57.

Dollarama (OTCMKTS:DLMAF) last posted its quarterly earnings results on Wednesday, September 16th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.01. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Dollarama had a return on equity of 98.00% and a net margin of 17.32%. As a group, research analysts anticipate that Dollarama Inc. will post 3.7 EPS 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.