Decent (NASDAQ:DXST) Major Shareholder Acquires $306,493.83 in Stock

Decent Holding Inc. (NASDAQ:DXST) major shareholder Financial Lp Hrt purchased 65,073 shares of Decent stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of $4.71 per share, for a total transaction of $306,493.83. Following the completion of the transaction, the insider directly owned 188,392 shares in the company, valued at $887,326.32. The trade was a 52.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Thursday, June 4th, Financial Lp Hrt sold 128,698 shares of Decent stock. The stock was sold at an average price of $5.36, for a total value of $689,821.28.

Decent Stock Up 22.7%

Shares of NASDAQ:DXST traded up $0.77 during midday trading on Friday, hitting $4.14. The company had a trading volume of 822,160 shares, compared to its average volume of 2,022,677. Decent Holding Inc. has a 12 month low of $1.50 and a 12 month high of $62.00. The firm has a fifty day simple moving average of $2.47 and a 200 day simple moving average of $18.00.

Decent (NASDAQ:DXST) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $3.69 million during the quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DXST shares. Wall Street Zen upgraded Decent from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings restated a “sell (d)” rating on shares of Decent in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Decent

An institutional investor recently bought a new position in Decent stock. Jane Street Group LLC acquired a new position in shares of Decent Holding Inc. (NASDAQ:DXST) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned 0.40% of Decent at the end of the most recent quarter.

Decent Company Profile

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.