Dunelm Group (OTCMKTS:DNLMY) Trading Down 11.3% – Here’s What Happened

Shares of Dunelm Group (OTCMKTS:DNLMY) fell 11.3% during trading on Wednesday . The stock traded as low as $10.64 and last traded at $10.64. 122 shares traded hands during trading, a decline of 83% from the average session volume of 709 shares. The stock had previously closed at $12.00.

Wall Street Analyst Weigh In

Several research firms have commented on DNLMY. Zacks Research downgraded shares of Dunelm Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. Jefferies Financial Group raised shares of Dunelm Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Dunelm Group has an average rating of “Buy”.

Dunelm Group Stock Performance

The stock’s fifty day moving average price is $12.16 and its 200 day moving average price is $13.59.

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.