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

Dunelm Group plc (OTCMKTS:DNLMY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 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.

Analysts Set New Price Targets

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

Dunelm Group Stock Down 3.4 %

The stock’s fifty day simple moving average is $12.64 and its 200-day simple moving average is $13.97.

Dunelm Group Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Friday, March 14th will be paid a $0.3703 dividend. This is a positive change from Dunelm Group’s previous dividend of $0.31. The ex-dividend date of this dividend 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.