Duos Technologies Group (NASDAQ:DUOT) Releases Earnings Results, Hits Expectations

Duos Technologies Group (NASDAQ:DUOT) announced its quarterly earnings results on Thursday. The company reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18), Zacks reports. Duos Technologies Group had a negative net margin of 143.17% and a negative return on equity of 271.06%. During the same quarter in the previous year, the company posted ($0.38) earnings per share.

Duos Technologies Group Price Performance

NASDAQ DUOT opened at $7.38 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.73 and a quick ratio of 0.56. Duos Technologies Group has a 1-year low of $2.03 and a 1-year high of $8.53. The stock has a market capitalization of $86.01 million, a price-to-earnings ratio of -5.16 and a beta of 0.97. The business’s fifty day moving average price is $5.94 and its 200-day moving average price is $5.75.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DUOT shares. Northland Securities increased their target price on Duos Technologies Group from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Ascendiant Capital Markets boosted their price target on Duos Technologies Group from $7.50 to $9.00 and gave the stock a “buy” rating in a research note on Monday, April 28th.

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.