Ascendiant Capital Markets Forecasts Strong Price Appreciation for Duos Technologies Group (NASDAQ:DUOT) Stock

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) had its target price raised by research analysts at Ascendiant Capital Markets from $9.00 to $11.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Ascendiant Capital Markets' price objective points to a potential upside of 52.14% from the stock's current price.

Duos Technologies Group Stock Down 5.0%

Shares of Duos Technologies Group stock traded down $0.38 during trading on Monday, hitting $7.23. The company's stock had a trading volume of 80,063 shares, compared to its average volume of 109,287. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.50 and a current ratio of 0.53. The company has a fifty day simple moving average of $7.13 and a two-hundred day simple moving average of $6.29. Duos Technologies Group has a 52 week low of $2.03 and a 52 week high of $9.27. The company has a market capitalization of $84.23 million, a PE ratio of -6.02 and a beta of 1.03.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.18) EPS for the quarter, hitting analysts' consensus estimates of ($0.18). Duos Technologies Group had a negative return on equity of 331.38% and a negative net margin of 90.41%. The firm had revenue of $4.95 million for the quarter, compared to analysts' expectations of $4.60 million. During the same period in the previous year, the firm posted ($0.38) EPS. Equities research analysts predict that Duos Technologies Group will post -1.34 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 the stock. Huntleigh Advisors Inc. bought a new stake in shares of Duos Technologies Group in the 1st quarter worth approximately $739,000. Informed Momentum Co LLC bought a new stake in shares of Duos Technologies Group in the 1st quarter worth approximately $528,000. Geode Capital Management LLC boosted its position in shares of Duos Technologies Group by 6.3% in 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. HighTower Advisors LLC lifted its position in Duos Technologies Group by 6.8% in the 4th quarter. HighTower Advisors LLC now owns 63,143 shares of the company's stock valued at $378,000 after acquiring an additional 4,000 shares in the last quarter. Finally, AMH Equity Ltd bought a new position in Duos Technologies Group in the 1st quarter valued at approximately $282,000. 42.61% of the stock is owned by institutional investors.

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.