Dunelm Group (OTCMKTS:DNLMY) Reaches New 1-Year Low – Should You Sell?

Dunelm Group (OTCMKTS:DNLMY)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.64 and last traded at $10.64, with a volume of 122 shares traded. The stock had previously closed at $11.0554.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. 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 downgraded shares of Dunelm Group from a “strong-buy” rating to a “hold” rating in a 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Dunelm Group Stock Down 3.8%

The business’s fifty day simple moving average is $12.20 and its 200 day simple moving average is $13.61.

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.