Duos Technologies Group (NASDAQ:DUOT) Announces Earnings Results

Duos Technologies Group (NASDAQ:DUOT) released its quarterly earnings data on Tuesday. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.12), Zacks reports. The business had revenue of $1.51 million during the quarter, compared to analysts’ expectations of $1.40 million. Duos Technologies Group had a negative net margin of 200.92% and a negative return on equity of 237.64%. During the same period last year, the company earned ($0.42) earnings per share.

Duos Technologies Group Stock Performance

Duos Technologies Group stock traded up $0.01 during midday trading on Thursday, hitting $2.44. 30,242 shares of the company were exchanged, compared to its average volume of 35,378. Duos Technologies Group has a fifty-two week low of $1.93 and a fifty-two week high of $5.98. The firm has a market capitalization of $18.38 million, a PE ratio of -1.47 and a beta of 1.21. The business has a fifty day simple moving average of $2.78 and a two-hundred day simple moving average of $3.24.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets decreased their target price on shares of Duos Technologies Group from $6.00 to $5.75 and set a “buy” rating for the company in a research report on Friday, June 7th.

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.