Duos Technologies Group (NASDAQ:DUOT) Given New $5.75 Price Target at Ascendiant Capital Markets

Duos Technologies Group (NASDAQ:DUOTFree Report) had its target price trimmed by Ascendiant Capital Markets from $6.00 to $5.75 in a report issued on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Duos Technologies Group Stock Up 11.7 %

Shares of NASDAQ:DUOT opened at $2.57 on Friday. Duos Technologies Group has a 1 year low of $1.93 and a 1 year high of $7.20. The stock’s fifty day moving average price is $2.90 and its 200-day moving average price is $3.34.

Duos Technologies Group (NASDAQ:DUOTGet Free Report) last announced its quarterly earnings results on Monday, May 13th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.05. The firm had revenue of $1.07 million for the quarter, compared to the consensus estimate of $1.25 million. Duos Technologies Group had a negative return on equity of 237.64% and a negative net margin of 200.92%. On average, analysts forecast that Duos Technologies Group will post -0.88 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DUOT. Virtu Financial LLC purchased a new stake in Duos Technologies Group during the first quarter valued at $51,000. Tucker Asset Management LLC increased its position in Duos Technologies Group by 10,829.0% during the third quarter. Tucker Asset Management LLC now owns 10,929 shares of the company’s stock valued at $56,000 after acquiring an additional 10,829 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in Duos Technologies Group during the first quarter valued at $85,000. Spire Wealth Management purchased a new stake in Duos Technologies Group during the fourth quarter valued at $100,000. Finally, Diversified Investment Strategies LLC increased its position in Duos Technologies Group by 25.0% during the first quarter. Diversified Investment Strategies LLC now owns 75,000 shares of the company’s stock valued at $326,000 after acquiring an additional 15,000 shares during the last quarter. 42.61% of the stock is owned by institutional investors.

About Duos Technologies Group

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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.

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