Duos Technologies Group (NASDAQ:DUOT – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.12), Zacks reports. The company had revenue of $1.51 million for 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 firm earned ($0.42) earnings per share.
Duos Technologies Group Price Performance
DUOT traded up $0.01 during trading on Thursday, reaching $2.44. 30,331 shares of the company’s stock were exchanged, compared to its average volume of 35,382. The company’s fifty day simple moving average is $2.78 and its 200-day simple moving average is $3.24. The stock has a market capitalization of $18.38 million, a P/E ratio of -1.48 and a beta of 1.21. Duos Technologies Group has a 1 year low of $1.93 and a 1 year high of $5.98.
Analysts Set New Price Targets
Separately, Ascendiant Capital Markets lowered their price target on 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.
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.
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