Dunelm Group (OTCMKTS:DNLMY) Reaches New 12-Month Low – Time to Sell?

Dunelm Group (OTCMKTS:DNLMY) shares hit a new 52-week low on Thursday . The stock traded as low as $9.40 and last traded at $9.40, with a volume of 250 shares traded. The stock had previously closed at $10.00.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Zacks Research cut 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 assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy”.

Dunelm Group Stock Performance

The stock’s 50-day simple moving average is $11.18 and its two-hundred day simple moving average is $13.15.

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.