Dunelm Group (OTCMKTS:DNLMY) Shares Down 6.1% – Here’s What Happened

Shares of Dunelm Group (OTCMKTS:DNLMY) fell 6.1% on Tuesday . The stock traded as low as $10.47 and last traded at $10.47. 115 shares were traded during mid-day trading, an increase of 149% from the average daily volume of 46 shares. The stock had previously closed at $11.15.

Analysts Set New Price Targets

Separately, Zacks Research cut 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 assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dunelm Group has a consensus rating of “Buy”.

Dunelm Group Stock Down 6.1%

The business’s 50 day moving average is $10.16 and its 200-day moving average is $11.93.

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.