Dunelm Group (OTCMKTS:DNLMY) Stock Price Up 11.4% – Here’s What Happened

Dunelm Group (OTCMKTS:DNLMY) shares traded up 11.4% during mid-day trading on Tuesday . The stock traded as high as $14.16 and last traded at $14.16. 565 shares were traded during trading, a decline of 36% from the average session volume of 880 shares. The stock had previously closed at $12.71.

Wall Street Analysts Forecast Growth

DNLMY has been the topic of a number of analyst reports. Royal Bank Of Canada upgraded Dunelm Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 3rd. 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. Finally, Zacks Research raised shares of Dunelm Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Dunelm Group Stock Down 4.4%

The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.25 and a current ratio of 1.04. The firm’s fifty day moving average is $13.95 and its 200 day moving average is $14.72.

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.