Duos Technologies Group (NASDAQ:DUOT) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Duos Technologies Group (NASDAQ:DUOT) from a hold rating to a strong sell rating in a research report report published on Wednesday morning,Zacks.com reports.

A number of other research analysts have also recently issued reports on the company. Ascendiant Capital Markets lifted their target price on Duos Technologies Group from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Duos Technologies Group in a research report on Monday. Finally, Wall Street Zen raised Duos Technologies Group from a “sell” rating to a “hold” rating in a research note on Sunday, April 19th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Duos Technologies Group currently has an average rating of “Reduce” and a consensus target price of $17.00.

Duos Technologies Group Stock Down 0.1%

Duos Technologies Group stock opened at $8.51 on Wednesday. Duos Technologies Group has a 12-month low of $5.78 and a 12-month high of $12.17. The business’s 50-day moving average price is $7.75 and its two-hundred day moving average price is $9.04. The stock has a market cap of $251.39 million, a PE ratio of -12.33 and a beta of 0.84.

Duos Technologies Group (NASDAQ:DUOT) last released its earnings results on Tuesday, March 31st. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.14). Duos Technologies Group had a negative net margin of 36.40% and a negative return on equity of 36.45%. The business had revenue of $9.46 million during the quarter, compared to the consensus estimate of $8.40 million. As a group, analysts expect that Duos Technologies Group will post 0.04 earnings per share for the current year.

Institutional Trading of Duos Technologies Group

A number of hedge funds have recently made changes to their positions in DUOT. Mink Brook Asset Management LLC acquired a new stake in shares of Duos Technologies Group during the third quarter valued at about $5,756,000. Northern Right Capital Management L.P. acquired a new stake in shares of Duos Technologies Group during the third quarter valued at about $5,723,000. Shay Capital LLC boosted its stake in shares of Duos Technologies Group by 2,646.1% during the third 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of Duos Technologies Group by 80.4% during the third 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 in the last quarter. Finally, Potomac Capital Management Inc. acquired a new stake in shares of Duos Technologies Group during the fourth quarter valued at about $3,085,000. 42.61% of the stock is owned by institutional investors and hedge funds.

About Duos Technologies Group

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.