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Dunelm Group (OTCMKTS:DNLMY) Stock Price Passes Below 50-Day Moving Average - Here's Why

Dunelm Group logo with Consumer Cyclical background

Shares of Dunelm Group plc (OTCMKTS:DNLMY - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.50 and traded as low as $15.34. Dunelm Group shares last traded at $15.34, with a volume of 231 shares changing hands.

Analyst Upgrades and Downgrades

DNLMY has been the subject of several analyst reports. UBS Group upgraded Dunelm Group to a "strong-buy" rating in a report on Friday, October 11th. Canaccord Genuity Group upgraded shares of Dunelm Group to a "strong-buy" rating in a research note on Tuesday, September 17th. Finally, Berenberg Bank upgraded shares of Dunelm Group to a "strong-buy" rating in a research note on Tuesday, September 17th.

Check Out Our Latest Stock Report on Dunelm Group

Dunelm Group Trading Down 3.5 %

The firm's fifty day moving average is $15.53 and its 200-day moving average is $14.41.

Dunelm Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 1st will be paid a $0.3148 dividend. This is a boost from Dunelm Group's previous dividend of $0.18. The ex-dividend date of this dividend is Friday, November 1st.

About Dunelm Group

(Get Free Report)

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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