Dollarama (OTCMKTS:DLMAF) Share Price Passes Below 200-Day Moving Average of $32.68

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Dollarama Inc (OTCMKTS:DLMAF) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.68 and traded as low as $36.07. Dollarama shares last traded at $36.44, with a volume of 800 shares trading hands.

A number of brokerages recently weighed in on DLMAF. Wells Fargo & Co raised shares of Dollarama from a “market perform” rating to an “outperform” rating in a research report on Tuesday, May 21st. Desjardins cut shares of Dollarama from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy”.

The business’s 50-day moving average is $37.88 and its two-hundred day moving average is $32.73.

Dollarama Company Profile (OTCMKTS:DLMAF)

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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