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

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

Several other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of Duos Technologies Group by 6.8% during the 4th quarter. HighTower Advisors LLC now owns 63,143 shares of the company's stock worth $378,000 after acquiring an additional 4,000 shares in the last quarter. Geode Capital Management LLC raised its position 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 acquiring an additional 4,200 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Duos Technologies Group during the 4th quarter worth about $74,000. 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 acquiring an additional 17,270 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Duos Technologies Group during the 4th quarter worth about $107,000. Institutional investors and hedge funds own 42.61% of the company's stock.

Duos Technologies Group Price Performance

DUOT stock traded down $0.13 during midday trading on Tuesday, hitting $7.92. 77,358 shares of the stock were exchanged, compared to its average volume of 166,882. The stock's 50-day moving average price is $7.71 and its 200-day moving average price is $6.66. The stock has a market cap of $98.13 million, a price-to-earnings ratio of -6.60 and a beta of 0.99. Duos Technologies Group, Inc. has a fifty-two week low of $2.03 and a fifty-two week high of $9.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.50 and a current ratio of 0.53.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.18) EPS for the quarter, meeting analysts' consensus estimates of ($0.18). The business had revenue of $4.95 million for the quarter, compared to analyst estimates of $4.60 million. Duos Technologies Group had a negative return on equity of 331.38% and a negative net margin of 90.41%. During the same quarter last year, the company earned ($0.38) earnings per share. Research analysts predict that Duos Technologies Group, Inc. will post -1.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets raised their price target on Duos Technologies Group from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Monday, June 16th.

Duos Technologies Group 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.