Bard Associates Inc. Sells 89,992 Shares of Duos Technologies Group, Inc. (NASDAQ:DUOT)

Key Points

• Bard Associates Inc. reduced its stake in Duos Technologies Group by 31.5%, selling 89,992 shares in the first quarter, leading to ownership of 1.68% of the company.
• Duos Technologies reported earnings of ($0.18) EPS, aligning with analyst estimates, and had revenues of $4.95 million for the quarter, surpassing expectations.
• Analysts at Ascendiant Capital Markets upgraded Duos Technologies’ price target from $9.00 to $11.00 and assigned a "buy" rating for the stock.

Bard Associates Inc. reduced its holdings in Duos Technologies Group, Inc. (NASDAQ:DUOT - Free Report) by 31.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 195,874 shares of the company's stock after selling 89,992 shares during the quarter. Bard Associates Inc. owned approximately 1.68% of Duos Technologies Group worth $1,105,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Huntleigh Advisors Inc. purchased a new position in Duos Technologies Group during the first quarter valued at approximately $739,000. Geode Capital Management LLC grew its stake in Duos Technologies Group by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 70,871 shares of the company's stock valued at $424,000 after acquiring an additional 4,200 shares in the last quarter. AMH Equity Ltd purchased a new position in Duos Technologies Group during the first quarter valued at approximately $282,000. Northern Trust Corp grew its stake in Duos Technologies Group by 80.3% during the fourth quarter. Northern Trust Corp now owns 38,786 shares of the company's stock valued at $232,000 after acquiring an additional 17,270 shares in the last quarter. Finally, LPL Financial LLC purchased a new position in Duos Technologies Group during the fourth quarter valued at approximately $107,000. 42.61% of the stock is currently owned by institutional investors and hedge funds.

Duos Technologies Group Stock Up 3.5%

Shares of NASDAQ:DUOT traded up $0.21 during midday trading on Tuesday, reaching $6.27. The company's stock had a trading volume of 161,273 shares, compared to its average volume of 158,834. The firm has a 50 day moving average of $7.53 and a 200-day moving average of $6.77. The firm has a market capitalization of $79.94 million, a P/E ratio of -5.22 and a beta of 1.00. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.32. Duos Technologies Group, Inc. has a 12-month low of $2.22 and a 12-month high of $9.27.

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

Wall Street Analyst Weigh In

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