Duos Technologies Group (NASDAQ:DUOT) Price Target Raised to $10.00

Duos Technologies Group (NASDAQ:DUOT) had its price objective increased by Northland Securities from $5.50 to $10.00 in a research note published on Friday morning,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Separately, Ascendiant Capital Markets raised their price objective on shares of Duos Technologies Group from $5.75 to $6.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

Duos Technologies Group Price Performance

Shares of NASDAQ DUOT opened at $4.58 on Friday. The stock has a market capitalization of $38.52 million, a price-to-earnings ratio of -3.20 and a beta of 1.10. Duos Technologies Group has a 12 month low of $1.93 and a 12 month high of $6.44. The firm’s 50 day simple moving average is $3.75 and its 200-day simple moving average is $3.02. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.73 and a quick ratio of 0.41.

Institutional Investors Weigh In On Duos Technologies Group

An institutional investor recently bought a new position in Duos Technologies Group stock. Warberg Asset Management LLC acquired a new stake in Duos Technologies Group, Inc. (NASDAQ:DUOT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,584 shares of the company’s stock, valued at approximately $36,000. Warberg Asset Management LLC owned approximately 0.17% of Duos Technologies Group as of its most recent filing with the Securities and Exchange Commission. 42.61% of the stock is owned by institutional investors.

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.