Dunelm Group (OTCMKTS:DNLMY) Shares Gap Down – What’s Next?

Dunelm Group (OTCMKTS:DNLMY) gapped down prior to trading on Monday . The stock had previously closed at $12.00, but opened at $11.17. Dunelm Group shares last traded at $11.17, with a volume of 243 shares trading hands.

Analysts Set New Price Targets

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

Dunelm Group Stock Performance

The stock’s 50 day moving average price is $12.68 and its two-hundred day moving average price is $14.07. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.25 and a current ratio of 1.04.

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.