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

Dunelm Group (OTCMKTS:DNLMY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $10.2740, but opened at $9.45. Dunelm Group shares last traded at $9.45, with a volume of 182 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DNLMY shares. Jefferies Financial Group upgraded Dunelm Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 8th. Zacks Research cut Dunelm Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Dunelm Group presently has an average rating of “Buy”.

Dunelm Group Price Performance

The business has a 50 day simple moving average of $11.18 and a 200 day simple moving average of $13.14.

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.