Wall Street Zen Downgrades Decent (NASDAQ:DXST) to Sell

Decent (NASDAQ:DXST) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

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

Decent Stock Performance

DXST opened at $2.63 on Friday. Decent has a one year low of $1.50 and a one year high of $62.00. The business’s 50 day moving average price is $2.39 and its 200 day moving average price is $3.02.

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

Insider Buying and Selling at Decent

In related news, major shareholder Financial Lp Hrt sold 128,698 shares of Decent stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $5.36, for a total value of $689,821.28. Following the completion of the transaction, the insider owned 59,694 shares in the company, valued at approximately $319,959.84. The trade was 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.

Hedge Funds Weigh In On Decent

A hedge fund recently bought a new stake in Decent stock. Jane Street Group LLC purchased a new position in Decent Holding Inc. (NASDAQ:DXST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned approximately 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.