Duos Technologies Group (NASDAQ:DUOT) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• Duos Technologies Group received a "sell (D-)" rating from Weiss Ratings, indicating a negative outlook on the stock.
• Despite the negative rating, Ascendiant Capital Markets increased its price target for DUOT from $11.00 to $11.50, reflecting some optimism with a "buy" rating.
• Duos Technologies reported a significant earnings miss for the last quarter, posting a loss of ($0.30) per share, which was below analysts' expectations of ($0.22).

Duos Technologies Group (NASDAQ:DUOT - Get Free Report)'s stock had its "sell (d-)" rating reissued by analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

A number of other brokerages have also commented on DUOT. Ascendiant Capital Markets raised their price objective on shares of Duos Technologies Group from $11.00 to $11.50 and gave the stock a "buy" rating in a report on Wednesday, September 24th. Wall Street Zen upgraded Duos Technologies Group from a "sell" rating to a "hold" rating in a report on Saturday, October 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $12.75.

Duos Technologies Group Price Performance

DUOT opened at $9.48 on Friday. The stock has a market cap of $191.97 million, a P/E ratio of -8.86 and a beta of 1.08. Duos Technologies Group has a 12 month low of $3.71 and a 12 month high of $9.60. The company has a quick ratio of 0.33, a current ratio of 0.37 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $7.45 and a 200 day simple moving average of $7.23.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last posted its earnings results 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 net margin of 67.62% and a negative return on equity of 297.45%. The business had revenue of $5.74 million during the quarter, compared to analyst estimates of $4.94 million. Duos Technologies Group has set its FY 2025 guidance at EPS. On average, research analysts expect that Duos Technologies Group will post -1.34 EPS for the current year.

Institutional Investors Weigh In On Duos Technologies Group

Several large investors have recently made changes to their positions in DUOT. Geode Capital Management LLC grew its stake in shares of Duos Technologies Group by 38.9% in the second quarter. Geode Capital Management LLC now owns 95,682 shares of the company's stock valued at $684,000 after buying an additional 26,821 shares in the last quarter. Huntleigh Advisors Inc. lifted its stake in Duos Technologies Group by 3.9% in the second quarter. Huntleigh Advisors Inc. now owns 136,181 shares of the company's stock valued at $974,000 after acquiring an additional 5,126 shares during the last quarter. Informed Momentum Co LLC bought a new position in shares of Duos Technologies Group in the 1st quarter valued at about $528,000. XTX Topco Ltd bought a new position in shares of Duos Technologies Group in the 1st quarter valued at about $82,000. Finally, AMH Equity Ltd acquired a new position in shares of Duos Technologies Group during the 1st quarter worth about $282,000. Institutional investors and hedge funds own 42.61% of the company's stock.

About Duos Technologies Group

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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