Duos Technologies Group (NASDAQ:DUOT) Downgraded by Wall Street Zen to Sell

Key Points

• Duos Technologies Group (NASDAQ:DUOT) has been downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen.
• Despite the downgrade, Ascendiant Capital Markets raised their price target for the stock from $9.00 to $11.00, maintaining a "buy" rating.
• The company reported a quarterly loss of ($0.30) EPS, missing estimates and showing a negative net margin of 67.62%.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Saturday.

Separately, Ascendiant Capital Markets boosted their target price on Duos Technologies Group from $9.00 to $11.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Duos Technologies Group has an average rating of "Buy" and a consensus target price of $12.50.

Duos Technologies Group Price Performance

NASDAQ:DUOT traded down $0.04 during trading hours on Friday, reaching $6.00. The stock had a trading volume of 460,747 shares, compared to its average volume of 381,164. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.50 and a current ratio of 0.37. Duos Technologies Group has a 52 week low of $2.22 and a 52 week high of $9.27. The company has a 50 day moving average price of $7.26 and a two-hundred day moving average price of $6.77. The stock has a market capitalization of $76.50 million, a PE ratio of -5.61 and a beta of 1.00.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.08). Duos Technologies Group had a negative return on equity of 297.45% and a negative net margin of 67.62%.The firm had revenue of $5.74 million during the quarter, compared to the consensus estimate of $4.94 million. Duos Technologies Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Duos Technologies Group will post -1.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Duos Technologies Group

Several hedge funds have recently bought and sold shares of DUOT. Huntleigh Advisors Inc. bought a new position in Duos Technologies Group in the 1st quarter valued at $739,000. Informed Momentum Co LLC bought a new position in Duos Technologies Group in the 1st quarter valued at $528,000. AMH Equity Ltd bought a new position in Duos Technologies Group in the 1st quarter valued at $282,000. Geode Capital Management LLC grew its position in Duos Technologies Group by 38.9% in the 2nd quarter. Geode Capital Management LLC now owns 95,682 shares of the company's stock valued at $684,000 after acquiring an additional 26,821 shares during the last quarter. Finally, LPL Financial LLC bought a new position in Duos Technologies Group in the 4th quarter valued at $107,000. Institutional investors 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.