Duos Technologies Group (NASDAQ:DUOT) Rating Increased to Hold at Zacks Research

Duos Technologies Group (NASDAQ:DUOT) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Duos Technologies Group from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Ascendiant Capital Markets increased their target price on shares of Duos Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Monday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Duos Technologies Group in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.00.

Duos Technologies Group Stock Down 7.4%

NASDAQ DUOT opened at $11.32 on Monday. Duos Technologies Group has a 52 week low of $5.78 and a 52 week high of $15.28. The firm has a market capitalization of $331.90 million, a P/E ratio of -17.15 and a beta of 1.21. The company has a 50-day moving average price of $9.94 and a 200-day moving average price of $9.45.

Duos Technologies Group (NASDAQ:DUOT) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.12). Duos Technologies Group had a negative net margin of 45.36% and a negative return on equity of 21.46%. The business had revenue of $2.72 million for the quarter, compared to analysts’ expectations of $9.60 million. As a group, equities research analysts anticipate that Duos Technologies Group will post 0.04 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in Duos Technologies Group by 244.8% in the 1st quarter. Bank of America Corp DE now owns 29,644 shares of the company’s stock worth $203,000 after purchasing an additional 21,046 shares during the period. Royal Bank of Canada boosted its stake in Duos Technologies Group by 37.8% in the 1st quarter. Royal Bank of Canada now owns 1,330,691 shares of the company’s stock worth $9,129,000 after purchasing an additional 365,324 shares during the period. Regal Partners Ltd bought a new position in Duos Technologies Group in the 1st quarter worth approximately $3,016,000. Renaissance Technologies LLC boosted its stake in Duos Technologies Group by 197.1% in the 1st quarter. Renaissance Technologies LLC now owns 264,415 shares of the company’s stock worth $1,814,000 after purchasing an additional 175,415 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of Duos Technologies Group by 152.3% during the 1st quarter. Private Advisor Group LLC now owns 426,181 shares of the company’s stock valued at $2,924,000 after acquiring an additional 257,242 shares during the last quarter. 42.61% of the stock is currently owned by institutional investors.

About Duos Technologies Group

Duos Technologies Group, Inc provides advanced non-intrusive security and inspection solutions utilizing motion-based and artificial intelligence technologies. The company’s core offerings include intelligent video analytics, RFID checkpoint systems, and specialized screening devices designed to detect security threats and contraband across transportation, logistics and critical infrastructure environments. Duos integrates proprietary hardware with software to deliver automated inspection and monitoring tools that enhance safety and operational efficiency.

Among its primary products are automated gate-entry systems, railcar inspection portals and portable screening devices that use AI-driven image recognition and sensor fusion to identify objects such as unauthorized materials, pipeline anomalies or vehicle defects.