Dunelm Group (OTCMKTS:DNLMY) Shares Gap Up – Here’s Why

Dunelm Group (OTCMKTS:DNLMY)’s share price gapped up prior to trading on Thursday. The stock had previously closed at $11.8767, but opened at $12.48. Dunelm Group shares last traded at $12.48, with a volume of 211 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Dunelm Group from a “hold” rating to a “strong sell” rating in a report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Dunelm Group presently has a consensus rating of “Moderate Buy”.

Dunelm Group Stock Performance

The stock has a 50 day simple moving average of $10.93 and a 200 day simple moving average of $10.72. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.25 and a current ratio of 1.02.

Dunelm Group Company Profile

Dunelm Group plc is a United Kingdom-based homewares retailer that operates stores and an online retail platform. The company sells a broad range of products for the home, including furniture, bedding, curtains, blinds, cushions, rugs, kitchenware, bathroom accessories, lighting, and decorative items.

Dunelm also provides made-to-measure curtains and blinds, as well as home delivery, collection, and related customer services. Its product offering includes both Dunelm-branded merchandise and products from selected third-party brands.

The company was founded in Leicester in 1979 by Bill and Jean Adderley, initially operating as a curtain and textiles business.