Dunelm Group (OTCMKTS:DNLMY) Stock Price Passes Below Fifty Day Moving Average - Should You Sell?

Dunelm Group plc (OTCMKTS:DNLMY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.62 and traded as low as $12.56. Dunelm Group shares last traded at $12.56, with a volume of 2 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded Dunelm Group from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, February 4th.

Dunelm Group Stock Performance

The business's 50 day moving average is $12.66 and its two-hundred day moving average is $13.90.

Dunelm Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Friday, March 14th will be given a dividend of $0.3703 per share. This is an increase from Dunelm Group's previous dividend of $0.31. The ex-dividend date is Friday, March 14th.

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.