Duos Technologies Group (NASDAQ:DUOT) Price Target Raised to $9.00

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

Separately, Northland Securities upped their price target on shares of Duos Technologies Group from $10.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th.

Duos Technologies Group Price Performance

Shares of DUOT stock opened at $7.12 on Monday. The company has a market capitalization of $82.98 million, a PE ratio of -4.98 and a beta of 0.99. The firm has a fifty day simple moving average of $5.65 and a 200-day simple moving average of $5.50. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. Duos Technologies Group has a twelve month low of $2.03 and a twelve month high of $8.53.

Institutional Trading of Duos Technologies Group

Several institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its holdings in 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 acquiring an additional 4,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Duos Technologies Group by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 70,871 shares of the company’s stock worth $424,000 after purchasing an additional 4,200 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Duos Technologies Group during the fourth quarter worth $66,000. Citadel Advisors LLC acquired a new stake in shares of Duos Technologies Group during the fourth quarter worth $74,000. Finally, Northern Trust Corp raised its holdings in shares of Duos Technologies Group by 80.3% during the fourth 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. 42.61% of the stock is owned by institutional investors and hedge funds.

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.