Duos Technologies Group (NASDAQ:DUOT) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Key Points

• Duos Technologies Group reported a quarterly earnings per share (EPS) of ($0.30), missing the expected ($0.22) by ($0.08) and showing a negative net margin of 90.41%.
• Geode Capital Management increased its stake in Duos Technologies Group by 38.9%, owning 0.75% of the company, while institutional investors collectively own 42.61% of its stock.
• Analysts from Ascendiant Capital Markets raised their price target for Duos Technologies Group from $9.00 to $11.00, maintaining a "buy" rating.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.08), Zacks reports. Duos Technologies Group had a negative net margin of 90.41% and a negative return on equity of 331.38%. Duos Technologies Group updated its FY 2025 guidance to EPS.

Duos Technologies Group Price Performance

Shares of DUOT traded up $0.05 during trading hours on Thursday, hitting $6.19. 391,701 shares of the company were exchanged, compared to its average volume of 309,556. The company has a market capitalization of $78.92 million, a PE ratio of -5.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.53 and a quick ratio of 0.50. The firm has a fifty day simple moving average of $7.43 and a 200-day simple moving average of $6.77. Duos Technologies Group has a one year low of $2.22 and a one year high of $9.27.

Institutional Investors Weigh In On Duos Technologies Group

A hedge fund recently raised its stake in Duos Technologies Group stock. Geode Capital Management LLC lifted its stake in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT - Free Report) by 38.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,682 shares of the company's stock after acquiring an additional 26,821 shares during the quarter. Geode Capital Management LLC owned 0.75% of Duos Technologies Group worth $684,000 at the end of the most recent reporting period. Institutional investors own 42.61% of the company's stock.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets lifted their price target 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.

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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