Decent (NASDAQ:DXST) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Decent (NASDAQ:DXST) from a hold rating to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

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

Decent Stock Down 1.5%

NASDAQ:DXST opened at $2.59 on Friday. The firm’s fifty day simple moving average is $2.39 and its 200-day simple moving average is $3.01. Decent has a fifty-two week low of $1.50 and a fifty-two week high of $62.00.

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

Insider Buying and Selling

In other Decent news, major shareholder Financial Lp Hrt sold 128,698 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $5.36, for a total value of $689,821.28. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Decent stock. Jane Street Group LLC acquired a new position in Decent Holding Inc. (NASDAQ:DXST) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 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.