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 analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Separately, Ascendiant Capital Markets increased their price objective on shares of Duos Technologies Group from $9.00 to $11.00 and gave the company a "buy" rating in a report on Monday, June 16th.

Duos Technologies Group Trading Up 1.0%

Shares of DUOT stock opened at $6.25 on Friday. The stock has a fifty day simple moving average of $7.38 and a two-hundred day simple moving average of $6.77. Duos Technologies Group has a 52-week low of $2.22 and a 52-week high of $9.27. The firm has a market capitalization of $79.69 million, a PE ratio of -5.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.50 and a current ratio of 0.53.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.08). Duos Technologies Group had a negative net margin of 67.62% and a negative return on equity of 329.47%. The company had revenue of $5.74 million for the quarter, compared to the consensus estimate of $4.94 million. On average, analysts predict that Duos Technologies Group will post -1.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntleigh Advisors Inc. bought a new position in shares of Duos Technologies Group in the 1st quarter valued at about $739,000. Informed Momentum Co LLC bought a new position in shares of Duos Technologies Group in the 1st quarter valued at about $528,000. AMH Equity Ltd bought a new position in shares of Duos Technologies Group in the 1st quarter valued at about $282,000. Geode Capital Management LLC lifted its holdings in shares of 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 shares of Duos Technologies Group in the 4th quarter valued at about $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.

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