Dunelm Group (OTCMKTS:DNLMY) Shares Gap Down – Here’s Why

Dunelm Group (OTCMKTS:DNLMY) gapped down prior to trading on Wednesday . The stock had previously closed at $13.80, but opened at $13.2215. Dunelm Group shares last traded at $13.2215, with a volume of 307 shares changing hands.

Analyst Ratings Changes

DNLMY has been the topic of several research analyst reports. Zacks Research upgraded Dunelm Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Jefferies Financial Group raised Dunelm Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Finally, Royal Bank Of Canada raised Dunelm Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, Dunelm Group has an average rating of “Strong Buy”.

Dunelm Group Stock Performance

The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 2.73. The firm’s 50-day moving average price is $13.98 and its two-hundred day moving average price is $14.73.

Dunelm Group Company Profile

Dunelm Group plc is a UK‐based home furnishings retailer known for its extensive network of stores and growing online presence. Founded in 1979 in Leicester by Ron and David Garlick, the company has grown from a single market stall to become one of Britain’s leading specialists in home accessories, textiles and furniture. Headquartered in Syston, Leicestershire, Dunelm operates over 170 stores across England, Scotland, Wales and Northern Ireland, serving a broad customer base with a focus on value, quality and design.

The company’s product range spans soft furnishings such as bedding, curtains, blinds and cushions, as well as furniture items for living rooms, dining rooms and bedrooms.