Duos Technologies Group (NASDAQ:DUOT) Price Target Raised to $9.00 at Ascendiant Capital Markets

Duos Technologies Group (NASDAQ:DUOT) had its price target hoisted by equities researchers at Ascendiant Capital Markets from $7.50 to $9.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Ascendiant Capital Markets’ price target indicates a potential upside of 34.53% from the company’s previous close.

Separately, Northland Securities upped their price target on 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

NASDAQ:DUOT opened at $6.69 on Monday. 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 12 month low of $2.03 and a 12 month high of $8.53. The company has a market capitalization of $77.97 million, a P/E ratio of -4.68 and a beta of 0.99. The business’s 50-day moving average is $5.64 and its 200 day moving average is $5.47.

Institutional Investors Weigh In On Duos Technologies Group

Several large investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new position in shares of Duos Technologies Group in the 4th quarter valued at about $66,000. Citadel Advisors LLC purchased a new stake in Duos Technologies Group in the fourth quarter worth about $74,000. LPL Financial LLC bought a new position in Duos Technologies Group in the fourth quarter valued at about $107,000. Essex Investment Management Co. LLC bought a new position in shares of Duos Technologies Group during the fourth quarter worth $116,000. Finally, Northern Trust Corp lifted its position in shares of Duos Technologies Group by 80.3% in 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. Institutional investors and hedge funds own 42.61% of the company’s stock.

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.