Duos Technologies Group (NASDAQ:DUOT) Price Target Raised to $11.00 at Ascendiant Capital Markets

Duos Technologies Group (NASDAQ:DUOT) had its target price raised by Ascendiant Capital Markets from $9.00 to $11.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Duos Technologies Group Trading Down 2.8%

Shares of Duos Technologies Group stock opened at $7.56 on Monday. The firm has a market capitalization of $88.10 million, a PE ratio of -5.29 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.73 and a quick ratio of 0.56. The company’s fifty day moving average price is $7.01 and its two-hundred day moving average price is $6.28. Duos Technologies Group has a 52-week low of $2.03 and a 52-week high of $9.27.

Duos Technologies Group (NASDAQ:DUOT) last issued its earnings results on Thursday, May 15th. The company reported ($0.18) EPS for the quarter, meeting the consensus estimate of ($0.18). Duos Technologies Group had a negative net margin of 143.17% and a negative return on equity of 271.06%. The company had revenue of $4.95 million for the quarter, compared to the consensus estimate of $4.60 million. During the same quarter in the previous year, the company earned ($0.38) EPS. On average, analysts expect that Duos Technologies Group will post -1.34 EPS for the current year.

Institutional Investors Weigh In On Duos Technologies Group

Institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC lifted its position in Duos Technologies Group by 6.8% during the 4th quarter. HighTower Advisors LLC now owns 63,143 shares of the company’s stock worth $378,000 after buying an additional 4,000 shares in the last quarter. Geode Capital Management LLC lifted its position in Duos Technologies Group by 6.3% during the 4th 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 in the last quarter. Citadel Advisors LLC acquired a new position in Duos Technologies Group during the 4th quarter worth about $74,000. XTX Topco Ltd acquired a new position in Duos Technologies Group during the 1st quarter worth about $82,000. Finally, Northern Trust Corp lifted its position in Duos Technologies Group by 80.3% during the 4th quarter. Northern Trust Corp now owns 38,786 shares of the company’s stock worth $232,000 after buying an additional 17,270 shares in the last quarter. Institutional investors and hedge funds own 42.61% of the company’s stock.

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.