Dunelm Group (OTCMKTS:DNLMY) Shares Gap Up – Still a Buy?

Dunelm Group (OTCMKTS:DNLMY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $11.53, but opened at $12.00. Dunelm Group shares last traded at $12.00, with a volume of 890 shares.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. 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 lowered Dunelm Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Dunelm Group Price Performance

The firm’s fifty day moving average is $13.19 and its two-hundred day moving average is $14.32. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.04 and a quick ratio of 0.25.

Dunelm Group Company Profile

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.