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

Decent Holding Inc. (NASDAQ:DXST)’s share price traded up 6.5% during trading on Friday . The company traded as high as $2.18 and last traded at $1.97. Approximately 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

DXST has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Decent from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Decent in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Decent Trading Up 6.5%

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

Insider Activity at Decent

In related news, major shareholder Financial Lp Hrt sold 128,698 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $5.36, for a total transaction of $689,821.28. Following the sale, the insider owned 59,694 shares in the company, valued at $319,959.84. This represents a 68.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Decent

A hedge fund recently bought a new position in Decent stock. Jane Street Group LLC purchased a new stake in Decent Holding Inc. (NASDAQ:DXST) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 97,790 shares of the company’s stock, valued at approximately $136,000. Jane Street Group LLC owned 0.40% of Decent as of its most recent filing with the Securities & Exchange Commission.

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.