Duos Technologies Group (NASDAQ:DUOT) Raised to Hold at Wall Street Zen

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

Separately, Ascendiant Capital Markets increased their price objective on Duos Technologies Group from $9.00 to $11.00 and gave the company a “buy” rating in a report on Monday, June 16th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Duos Technologies Group has an average rating of “Buy” and an average price target of $12.50.

Duos Technologies Group Trading Down 0.8%

Shares of NASDAQ:DUOT opened at $6.40 on Friday. The business’s 50-day moving average is $7.08 and its 200 day moving average is $6.73. Duos Technologies Group has a 1 year low of $2.22 and a 1 year high of $9.27. The firm has a market capitalization of $124.22 million, a P/E ratio of -5.98 and a beta of 1.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.37 and a quick ratio of 0.33.

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

Institutional Trading of Duos Technologies Group

A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of Duos Technologies Group by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 70,871 shares of the company’s stock worth $424,000 after buying an additional 4,200 shares during the last quarter. Huntleigh Advisors Inc. boosted its stake in shares of Duos Technologies Group by 3.9% in the second quarter. Huntleigh Advisors Inc. now owns 136,181 shares of the company’s stock worth $974,000 after buying an additional 5,126 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Duos Technologies Group in the fourth quarter worth about $74,000. XTX Topco Ltd purchased a new stake in shares of Duos Technologies Group in the first quarter worth about $82,000. Finally, Northern Trust Corp boosted its stake in shares of Duos Technologies Group by 80.3% in the fourth quarter. Northern Trust Corp now owns 38,786 shares of the company’s stock worth $232,000 after buying an additional 17,270 shares during the last quarter. Hedge funds and other institutional investors own 42.61% of the company’s stock.

About Duos Technologies Group

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.