Dunelm Group (OTCMKTS:DNLMY) Shares Gap Up – Still a Buy?

Dunelm Group (OTCMKTS:DNLMY) shares gapped up prior to trading on Monday . The stock had previously closed at $9.40, but opened at $10.94. Dunelm Group shares last traded at $10.94, with a volume of 593 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Dunelm Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 13th. 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 stock. According to MarketBeat.com, Dunelm Group presently has a consensus rating of “Buy”.

Dunelm Group Stock Up 15.8%

The company has a fifty day moving average price of $10.30 and a two-hundred day moving average price of $12.40.

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.