Dunelm Group (OTCMKTS:DNLMY) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Dunelm Group plc (OTCMKTS:DNLMY) 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 traded.

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 firm’s 50 day simple moving average is $12.62 and its 200 day simple moving average is $13.99.

Dunelm Group Increases Dividend

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

Dunelm Group Company Profile

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.