Dunelm Group (OTCMKTS:DNLMY) Stock Price Down 8.4% - Here's What Happened

Key Points

• Dunelm Group's stock dropped by 8.4% to $14.55 during trading, with a notable decline in trading volume.
• Royal Bank of Canada downgraded Dunelm Group's rating from a "moderate buy" to a "hold," impacting investor sentiment.
• The company's current consensus rating remains a "Buy," despite recent downgrades by analysts.

Dunelm Group (OTCMKTS:DNLMY - Get Free Report) was down 8.4% during trading on Tuesday . The stock traded as low as $14.13 and last traded at $14.55. Approximately 453 shares were traded during trading, a decline of 68% from the average daily volume of 1,415 shares. The stock had previously closed at $15.89.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada downgraded shares of Dunelm Group from a "moderate buy" rating to a "hold" rating in a report on Monday, June 9th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Dunelm Group Stock Performance

The stock's 50 day moving average price is $15.90 and its two-hundred day moving average price is $15.80. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.26 and a current ratio of 0.87.

About Dunelm Group

Dunelm Group plc retails homewares in the United Kingdom. The company offers furniture and beds products, which include bedroom, living room, dining room, and other furniture, as well as bed and mattresses, and sofas and armchairs; bedding products comprising bed linen, dorma, baby and kid's bedding, and duvets, pillows, and protectors; curtains and rugs; and venetian, roller, roman, vertical, and made to measure blinds.

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