Duos Technologies Group (NASDAQ:DUOT) Shares Up 0.8% – Here’s What Happened

Shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) were up 0.8% on Wednesday . The stock traded as high as $9.76 and last traded at $9.73. Approximately 42,382 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 164,751 shares. The stock had previously closed at $9.65.

Analysts Set New Price Targets

DUOT has been the subject of several research reports. Wall Street Zen upgraded shares of Duos Technologies Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Duos Technologies Group in a research note on Wednesday, October 8th. Finally, Ascendiant Capital Markets upped their price target on Duos Technologies Group from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Wednesday, September 24th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.75.

Duos Technologies Group Stock Performance

The firm has a market capitalization of $198.64 million, a P/E ratio of -10.24 and a beta of 0.96. The firm has a 50-day moving average of $9.53 and a 200-day moving average of $8.10.

Duos Technologies Group (NASDAQ:DUOT) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. Duos Technologies Group had a negative return on equity of 65.17% and a negative net margin of 52.79%.The firm had revenue of $6.88 million for the quarter, compared to the consensus estimate of $7.30 million. On average, research analysts forecast that Duos Technologies Group, Inc. will post -1.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Duos Technologies Group

Hedge funds have recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC purchased a new position in shares of Duos Technologies Group in the 3rd quarter worth $5,756,000. Northern Right Capital Management L.P. purchased a new position in Duos Technologies Group in the third quarter worth about $5,723,000. Vanguard Group Inc. grew its stake in shares of Duos Technologies Group by 80.4% during the 3rd quarter. Vanguard Group Inc. now owns 639,797 shares of the company’s stock valued at $4,709,000 after purchasing an additional 285,235 shares during the period. Shay Capital LLC increased its position in shares of Duos Technologies Group by 2,646.1% during the 3rd quarter. Shay Capital LLC now owns 411,910 shares of the company’s stock valued at $3,032,000 after purchasing an additional 396,910 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Duos Technologies Group by 1,339.2% in the 3rd quarter. Private Advisor Group LLC now owns 207,249 shares of the company’s stock worth $1,525,000 after purchasing an additional 192,849 shares during the period. 42.61% of the stock is currently owned by hedge funds and other institutional investors.

Duos Technologies Group Company Profile

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.