Ascendiant Capital Markets Raises Duos Technologies Group (NASDAQ:DUOT) Price Target to $9.00

Duos Technologies Group (NASDAQ:DUOT - Free Report) had its price target increased by Ascendiant Capital Markets from $7.50 to $9.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Northland Securities boosted their price target on Duos Technologies Group from $10.00 to $14.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th.

Duos Technologies Group Trading Down 3.7 %

Shares of DUOT traded down $0.26 during trading hours on Monday, hitting $6.69. The stock had a trading volume of 116,087 shares, compared to its average volume of 131,132. Duos Technologies Group has a 12-month low of $2.03 and a 12-month high of $8.53. The firm has a market cap of $77.97 million, a P/E ratio of -4.68 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.73. The company's fifty day simple moving average is $5.67 and its 200 day simple moving average is $5.55.

Institutional Trading of Duos Technologies Group

Several institutional investors and hedge funds have recently bought and sold shares of DUOT. Huntleigh Advisors Inc. acquired a new stake in Duos Technologies Group during the first quarter valued at approximately $739,000. Essex Investment Management Co. LLC acquired a new stake in shares of Duos Technologies Group during the 4th quarter worth approximately $116,000. LPL Financial LLC acquired a new stake in shares of Duos Technologies Group during the 4th quarter worth approximately $107,000. Northern Trust Corp raised its position 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 during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of Duos Technologies Group during the 4th quarter worth approximately $74,000. 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.