Duos Technologies Group (NASDAQ:DUOT) Downgraded by Wall Street Zen to Sell

Duos Technologies Group (NASDAQ:DUOT) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Ascendiant Capital Markets lifted their price objective on shares of Duos Technologies Group from $9.00 to $11.00 and gave the company a “buy” rating in a report on Monday, June 16th.

Duos Technologies Group Stock Up 1.0%

DUOT opened at $6.25 on Friday. Duos Technologies Group has a fifty-two week low of $2.22 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. The company has a fifty day moving average of $7.38 and a two-hundred day moving average of $6.77. The stock has a market capitalization of $79.69 million, a price-to-earnings ratio of -5.84 and a beta of 1.00.

Duos Technologies Group (NASDAQ:DUOT) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.08). Duos Technologies Group had a negative net margin of 67.62% and a negative return on equity of 329.47%. The firm had revenue of $5.74 million during the quarter, compared to analysts’ expectations of $4.94 million. On average, research analysts expect that Duos Technologies Group will post -1.34 earnings per share for the current year.

Institutional Trading of Duos Technologies Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new stake in shares of Duos Technologies Group during the fourth quarter worth about $74,000. Huntleigh Advisors Inc. purchased a new stake in shares of Duos Technologies Group during the first quarter worth about $739,000. Geode Capital Management LLC increased its stake 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 in the last quarter. LPL Financial LLC purchased a new stake in shares of Duos Technologies Group during the fourth quarter worth about $107,000. Finally, AMH Equity Ltd purchased a new stake in shares of Duos Technologies Group during the first quarter worth about $282,000. Hedge funds and other institutional investors 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.