Dollarama (OTCMKTS:DLMAF) Trading 5.8% Higher – Here’s What Happened

Dollarama Inc. (OTCMKTS:DLMAF) traded up 5.8% on Friday . The stock traded as high as $136.64 and last traded at $136.64. 205 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 15,023 shares. The stock had previously closed at $129.17.

Analyst Ratings Changes

DLMAF has been the topic of several research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Stifel Nicolaus raised Dollarama from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Scotiabank restated an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Four analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Dollarama Trading Up 3.8%

The company has a 50 day moving average of $131.86 and a 200 day moving average of $133.45. The company has a current ratio of 1.57, a quick ratio of 0.70 and a debt-to-equity ratio of 3.96. The firm has a market cap of $37.07 billion and a price-to-earnings ratio of 51.88.

Dollarama (OTCMKTS:DLMAF) last released its quarterly earnings data on Thursday, June 11th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.05. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Dollarama had a return on equity of 94.77% and a net margin of 17.65%. As a group, research analysts anticipate that Dollarama Inc. will post 3.65 EPS for the current year.

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.