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

Key Points

• Duos Technologies Group has been downgraded from a "hold" to a "sell" rating by Wall Street Zen in a recent report.
• Ascendiant Capital Markets raised the price target for Duos Technologies Group from $11.00 to $11.50, maintaining a "buy" rating.
• Duos Technologies reported a quarterly loss of ($0.30) EPS, falling short of the consensus estimate, although their revenue surpassed expectations at $5.74 million.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.

Separately, Ascendiant Capital Markets upped their price target on Duos Technologies Group from $11.00 to $11.50 and gave the stock a "buy" rating in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Duos Technologies Group has an average rating of "Buy" and a consensus target price of $12.75.

Duos Technologies Group Trading Down 2.8%

DUOT stock traded down $0.22 during midday trading on Friday, hitting $7.51. 119,622 shares of the company's stock were exchanged, compared to its average volume of 281,192. The business has a 50-day simple moving average of $6.95 and a two-hundred day simple moving average of $6.86. The company has a current ratio of 0.37, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $152.08 million, a PE ratio of -7.02 and a beta of 1.10. Duos Technologies Group has a 1-year low of $2.61 and a 1-year high of $9.27.

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 the consensus estimate of ($0.22) by ($0.08). The business had revenue of $5.74 million for the quarter, compared to analyst estimates of $4.94 million. Duos Technologies Group had a negative return on equity of 297.45% and a negative net margin of 67.62%. Duos Technologies Group has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Duos Technologies Group will post -1.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Duos Technologies Group

Several large investors have recently bought and sold shares of DUOT. XTX Topco Ltd acquired a new stake in shares of Duos Technologies Group during the first quarter worth about $82,000. Citadel Advisors LLC acquired a new position in Duos Technologies Group during the 4th quarter worth approximately $74,000. Huntleigh Advisors Inc. acquired a new stake in shares of Duos Technologies Group during the 1st quarter valued at approximately $739,000. AMH Equity Ltd purchased a new position in shares of Duos Technologies Group during the 1st quarter worth approximately $282,000. Finally, Northern Trust Corp increased its stake 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. Institutional investors and hedge funds 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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