Decent (NASDAQ:DXST) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Decent (NASDAQ:DXST) from a hold rating to a sell rating in a research report report published on Saturday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Decent in a research report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Decent Stock Performance

Shares of DXST opened at $2.63 on Friday. Decent has a fifty-two week low of $1.50 and a fifty-two week high of $62.00. The stock has a fifty day moving average of $2.39 and a two-hundred day moving average of $3.04.

Decent (NASDAQ:DXST) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.31) earnings per share (EPS) for the quarter. The firm had revenue of $9.29 million during the quarter.

Insider Buying and Selling

In related news, major shareholder Financial Lp Hrt sold 128,698 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $5.36, for a total transaction of $689,821.28. Following the completion of the transaction, the insider owned 59,694 shares of the company’s stock, valued at approximately $319,959.84. This represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of Decent

A hedge fund recently bought a new position in Decent stock. Jane Street Group LLC acquired a new position in shares of Decent Holding Inc. (NASDAQ:DXST) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned about 0.40% of Decent as of its most recent SEC filing.

About Decent

Decent Holding, Inc engages in the provision of wastewater treatment by cleansing the industrial wastewater, ecological river restoration, and river ecosystem management. Its products and services include river water quality management and microbial products for water quality enhancement and pollutant cleansing purposes. The company was founded by Ding Xin Sun on January 6, 2022 and is headquartered in Yantai, China.