Duos Technologies Group (NASDAQ:DUOT) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Duos Technologies Group (NASDAQ:DUOT) from a sell rating to a hold rating in a research note released on Saturday.

Several other equities research analysts have also commented on the stock. Ascendiant Capital Markets lifted their price target on shares of Duos Technologies Group from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Duos Technologies Group in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.75.

Duos Technologies Group Trading Down 5.3%

DUOT opened at $7.72 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.37. Duos Technologies Group has a one year low of $3.71 and a one year high of $9.60. The company has a market cap of $156.33 million, a P/E ratio of -7.21 and a beta of 1.08. The business’s 50-day simple moving average is $7.19 and its 200-day simple moving average is $7.10.

Duos Technologies Group (NASDAQ:DUOT) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.08). Duos Technologies Group had a negative net margin of 67.62% and a negative return on equity of 297.45%. The business had revenue of $5.74 million during the quarter, compared to analyst estimates of $4.94 million. Duos Technologies Group has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Duos Technologies Group will post -1.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Huntleigh Advisors Inc. raised its stake in shares of Duos Technologies Group by 3.9% during the second quarter. Huntleigh Advisors Inc. now owns 136,181 shares of the company’s stock worth $974,000 after purchasing an additional 5,126 shares during the last quarter. Geode Capital Management LLC increased its stake in Duos Technologies Group by 38.9% in the 2nd quarter. Geode Capital Management LLC now owns 95,682 shares of the company’s stock valued at $684,000 after buying an additional 26,821 shares during the period. Informed Momentum Co LLC purchased a new position in Duos Technologies Group during the 1st quarter worth $528,000. AMH Equity Ltd acquired a new stake in shares of Duos Technologies Group in the 1st quarter worth $282,000. Finally, XTX Topco Ltd purchased a new stake in shares of Duos Technologies Group in the first quarter valued at about $82,000. 42.61% of the stock is currently owned by hedge funds and other institutional investors.

Duos Technologies Group Company Profile

Duos Technologies Group, Inc designs, develops, deploys, and operates intelligent technology solutions in North America. The company provides solutions, such as Centraco, an enterprise information management software platform that consolidates data and events from multiple sources into a unified and distributive user interface; and truevue360, an integrated platform to develop and deploy artificial intelligence algorithms, including machine learning, computer vision, object detection, and deep neural network-based processing for real-time applications.