Dunelm Group (OTCMKTS:DNLMY) Sets New 52-Week Low – Here’s What Happened

Dunelm Group (OTCMKTS:DNLMY)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $11.95 and last traded at $11.95, with a volume of 159 shares traded. The stock had previously closed at $12.86.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DNLMY shares. Jefferies Financial Group upgraded shares of Dunelm Group from a “hold” rating to a “strong-buy” rating in a research note on Sunday, February 8th. Zacks Research raised Dunelm Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Dunelm Group Stock Down 7.1%

The company’s 50 day moving average is $13.50 and its 200 day moving average is $14.48. The company has a quick ratio of 0.25, a current ratio of 1.04 and a debt-to-equity ratio of 2.73.

About Dunelm Group

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.