Duos Technologies Group (NASDAQ:DUOT) Price Target Raised to $14.00

Duos Technologies Group (NASDAQ:DUOT) had its price target raised by Northland Securities from $10.00 to $14.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Separately, Ascendiant Capital Markets increased their price objective on shares of Duos Technologies Group from $6.00 to $7.50 and gave the company a “buy” rating in a research note on Tuesday, December 17th.

Duos Technologies Group Price Performance

Shares of NASDAQ:DUOT opened at $7.16 on Wednesday. The company has a market cap of $60.22 million, a price-to-earnings ratio of -5.01 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.73 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $5.79 and a 200 day simple moving average of $4.19. Duos Technologies Group has a one year low of $2.03 and a one year high of $8.53.

Hedge Funds Weigh In On Duos Technologies Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new position in Duos Technologies Group in the 4th quarter valued at approximately $66,000. Essex Investment Management Co. LLC acquired a new position in Duos Technologies Group in the 4th quarter valued at approximately $116,000. Finally, HighTower Advisors LLC increased its position in Duos Technologies Group by 6.8% in the 4th quarter. HighTower Advisors LLC now owns 63,143 shares of the company’s stock valued at $378,000 after acquiring an additional 4,000 shares during the period. 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.