AMH Equity Ltd Purchases New Shares in Duos Technologies Group, Inc. (NASDAQ:DUOT)

AMH Equity Ltd acquired a new stake in Duos Technologies Group, Inc. (NASDAQ:DUOT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 50,000 shares of the company's stock, valued at approximately $282,000. AMH Equity Ltd owned about 0.43% of Duos Technologies Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Citadel Advisors LLC acquired a new position in shares of Duos Technologies Group during the 4th quarter worth approximately $74,000. LPL Financial LLC acquired a new position in shares of Duos Technologies Group in the fourth quarter valued at $107,000. Northern Trust Corp increased its holdings in shares of Duos Technologies Group by 80.3% in the fourth quarter. Northern Trust Corp now owns 38,786 shares of the company's stock valued at $232,000 after purchasing an additional 17,270 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Duos Technologies Group by 6.8% in the fourth quarter. HighTower Advisors LLC now owns 63,143 shares of the company's stock valued at $378,000 after purchasing an additional 4,000 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Duos Technologies Group by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 70,871 shares of the company's stock worth $424,000 after buying an additional 4,200 shares during the last quarter. 42.61% of the stock is owned by institutional investors.

Duos Technologies Group Price Performance

DUOT stock traded up $0.08 during midday trading on Friday, reaching $7.93. 33,381 shares of the stock were exchanged, compared to its average volume of 192,571. 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 stock has a market capitalization of $98.25 million, a PE ratio of -6.61 and a beta of 0.99. Duos Technologies Group, Inc. has a 52 week low of $2.03 and a 52 week high of $9.27. The company has a fifty day moving average price of $7.71 and a 200 day moving average price of $6.66.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18). Duos Technologies Group had a negative return on equity of 331.38% and a negative net margin of 90.41%. The company had revenue of $4.95 million during the quarter, compared to analysts' expectations of $4.60 million. During the same quarter in the prior year, the firm posted ($0.38) earnings per share. As a group, analysts expect that Duos Technologies Group, Inc. will post -1.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets lifted their price target on shares of 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.