Dunelm Group (OTCMKTS:DNLMY) Shares Gap Up on Analyst Upgrade

Dunelm Group (OTCMKTS:DNLMY) gapped up before the market opened on Friday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $12.7875, but opened at $14.31. Dunelm Group shares last traded at $13.78, with a volume of 645 shares traded.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group upgraded shares of Dunelm Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, February 8th. Royal Bank Of Canada raised Dunelm Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Dunelm Group Trading Up 8.6%

The business has a 50-day moving average price of $14.02 and a two-hundred day moving average price of $14.77. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 2.73.

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.