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

Dollarama Inc. (OTCMKTS:DLMAF)’s stock price 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.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DLMAF. Scotiabank reaffirmed an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. BMO Capital Markets restated an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Ventum Financial upgraded Dollarama to a “strong-buy” rating in a report on Thursday, August 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Dollarama in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Dollarama in a report on Friday, June 12th. Five analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Dollarama currently has an average rating of “Buy”.

Dollarama Price Performance

The company has a market cap of $33.49 billion and a price-to-earnings ratio of 34.59. The company has a quick ratio of 0.70, a current ratio of 1.57 and a debt-to-equity ratio of 3.96. The company’s fifty day moving average price is $131.33 and its two-hundred day moving average price is $130.94.

Dollarama (OTCMKTS:DLMAF) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.44 billion. Dollarama had a net margin of 17.32% and a return on equity of 98.00%. On average, equities research analysts forecast that Dollarama Inc. will post 3.7 EPS for the current fiscal year.

About Dollarama

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.