Dunelm Group (LON:DNLM) Share Price Passes Above 200 Day Moving Average - Here's Why

Dunelm Group plc (LON:DNLM - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,039.73 ($14.12) and traded as high as GBX 1,185 ($16.09). Dunelm Group shares last traded at GBX 1,180.80 ($16.03), with a volume of 172,737 shares.

Analyst Ratings Changes

Separately, Shore Capital restated a "not rated" rating on shares of Dunelm Group in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Dunelm Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,251 ($16.99).

Dunelm Group Trading Down 0.8%

The company has a debt-to-equity ratio of 236.84, a quick ratio of 0.16 and a current ratio of 1.04. The firm has a fifty day moving average of GBX 1,112.77 and a 200 day moving average of GBX 1,039.72. The firm has a market capitalization of £2.37 billion, a PE ratio of 15.62, a P/E/G ratio of -10.32 and a beta of 1.18.

Insiders Place Their Bets

In other Dunelm Group news, insider Ajay Kavan bought 2,621 shares of the stock in a transaction on Wednesday, May 7th. The shares were bought at an average price of GBX 1,142 ($15.51) per share, with a total value of £29,931.82 ($40,640.62). 34.28% of the stock is owned by corporate insiders.

Dunelm Group Company Profile

Dunelm is the UK's market leader in homewares with a purpose 'to help create the joy of truly feeling at home, now and for generations to come'. Its specialist customer proposition offers value, quality, choice and style across an extensive range of c.70,000 products, spanning multiple homewares and furniture categories and including services such as Made to Measure window treatments.