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

Dunelm Group (OTCMKTS:DNLMY) gapped up prior to trading on Wednesday . The stock had previously closed at $10.72, but opened at $12.00. Dunelm Group shares last traded at $12.00, with a volume of 275 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DNLMY. Zacks Research lowered 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 shares of Dunelm Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, February 8th. One 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. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Dunelm Group Trading Up 11.9%

The firm’s 50-day moving average price is $12.42 and its two-hundred day moving average price is $13.82.

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.