Ascendiant Capital Markets Issues Positive Forecast for Duos Technologies Group (NASDAQ:DUOT) Stock Price

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) had its price objective hoisted by Ascendiant Capital Markets from $9.00 to $11.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Ascendiant Capital Markets' target price points to a potential upside of 45.50% from the company's previous close.

Duos Technologies Group Stock Performance

NASDAQ DUOT traded down $0.22 on Monday, reaching $7.56. The stock had a trading volume of 108,906 shares, compared to its average volume of 127,965. 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 firm has a fifty day moving average of $6.94 and a two-hundred day moving average of $6.26. Duos Technologies Group has a 1-year low of $2.03 and a 1-year high of $9.27. The company has a market cap of $88.10 million, a P/E ratio of -5.29 and a beta of 1.03.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported ($0.18) EPS for the quarter, meeting analysts' consensus estimates of ($0.18). Duos Technologies Group had a negative return on equity of 271.06% and a negative net margin of 143.17%. The firm had revenue of $4.95 million for the quarter, compared to analyst estimates of $4.60 million. During the same period in the prior year, the firm posted ($0.38) EPS. On average, equities research analysts anticipate that Duos Technologies Group will post -1.34 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC acquired a new stake in shares of Duos Technologies Group during the 4th quarter worth $116,000. HighTower Advisors LLC grew its holdings in shares of 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 purchasing an additional 4,000 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Duos Technologies Group during the 4th quarter worth $107,000. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 4,200 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of 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 purchasing an additional 17,270 shares in the last quarter. 42.61% of the stock is owned by institutional investors and hedge funds.

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.