Dunelm Group (OTCMKTS:DNLMY) Shares Down 11.3% – Here’s Why

Dunelm Group (OTCMKTS:DNLMY)’s share price dropped 11.3% on Wednesday . The company traded as low as $10.64 and last traded at $10.64. Approximately 122 shares changed hands during trading, a decline of 83% from the average daily volume of 709 shares. The stock had previously closed at $12.00.

Analyst Ratings Changes

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

Dunelm Group Trading Down 3.8%

The firm has a fifty day moving average price of $12.24 and a 200 day moving average price of $13.63.

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.