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 trading on Thursday . The stock traded as low as $9.40 and last traded at $9.40, with a volume of 250 shares changing hands. The stock had previously closed at $10.00.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DNLMY shares. Jefferies Financial Group raised shares of Dunelm Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 8th. Zacks Research downgraded shares of Dunelm Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Dunelm Group Stock Down 8.5%

The firm’s 50 day simple moving average is $11.33 and its 200 day simple moving average is $13.21.

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.