Duos Technologies Group (OTCMKTS:DUOT) Share Price Passes Below Fifty Day Moving Average of $5.85

Duos Technologies Group Inc (OTCMKTS:DUOT)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.85 and traded as low as $5.30. Duos Technologies Group shares last traded at $5.34, with a volume of 10,445 shares.

Duos Technologies Group Trading Down 2.6 %

The firm has a 50-day moving average price of $5.85 and a 200-day moving average price of $4.83. The company has a market capitalization of $38.66 million, a price-to-earnings ratio of -4.77 and a beta of 1.03.

Duos Technologies Group (OTCMKTS:DUOT) last released its quarterly earnings results on Monday, August 14th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.17). The company had revenue of $1.77 million for the quarter, compared to the consensus estimate of $2.65 million. Duos Technologies Group had a negative return on equity of 183.68% and a negative net margin of 55.74%. Equities research analysts predict that Duos Technologies Group Inc will post -1.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Duos Technologies Group

Several hedge funds have recently made changes to their positions in DUOT. JNBA Financial Advisors acquired a new position in Duos Technologies Group in the first quarter worth about $233,000. Diversified Investment Strategies LLC acquired a new position in Duos Technologies Group in the first quarter valued at about $112,000. Geode Capital Management LLC grew its holdings in Duos Technologies Group by 172.0% during the second quarter. Geode Capital Management LLC now owns 63,379 shares of the company’s stock valued at $376,000 after purchasing an additional 40,075 shares during the period. Vanguard Group Inc. boosted its position in shares of Duos Technologies Group by 120.4% during the first quarter. Vanguard Group Inc. now owns 50,327 shares of the company’s stock worth $277,000 after purchasing an additional 27,489 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in Duos Technologies Group during the 1st quarter worth approximately $162,000. Institutional investors own 32.50% of the company’s stock.

About Duos Technologies Group

Duos Technologies Group, Inc, through its subsidiary, Duos Technologies, Inc designs and deploys artificial intelligence driven intelligent technologies systems in the United States. Its technology platforms include Praesidium, an integrated suite of analytics applications, which process and analyze data streams from virtually conventional or specialized sensors, and/or data points; and Centraco, a user interface that includes a physical security information management system.