Decent (NASDAQ:DXST) Trading Up 6.5% – Still a Buy?

Decent Holding Inc. (NASDAQ:DXST)’s stock price shot up 6.5% during mid-day trading on Friday . The stock traded as high as $2.18 and last traded at $1.97. 54,939 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 5,169,012 shares. The stock had previously closed at $1.85.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DXST shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Decent in a report on Friday, May 1st. Wall Street Zen upgraded shares of Decent from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Decent Trading Up 6.5%

The stock has a fifty day moving average of $2.35 and a two-hundred day moving average of $13.86.

Insider Activity at Decent

In other news, major shareholder Financial Lp Hrt sold 128,698 shares of the firm’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 completion of the sale, the insider directly owned 59,694 shares in the company, valued at approximately $319,959.84. This trade represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

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