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

Dunelm Group (OTCMKTS:DNLMY)’s share price gapped up before the market opened 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.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Dunelm Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dunelm Group currently has an average rating of “Buy”.

Dunelm Group Price Performance

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