Duos Technologies Group (NASDAQ:DUOT) Rating Increased to Hold at Zacks Research

Duos Technologies Group (NASDAQ:DUOT) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

DUOT has been the topic of a number of other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Duos Technologies Group in a research note on Monday, April 20th. Ascendiant Capital Markets boosted their target price on Duos Technologies Group from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Wall Street Zen lowered Duos Technologies Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Duos Technologies Group Price Performance

Shares of Duos Technologies Group stock opened at $11.32 on Monday. The stock has a market cap of $331.90 million, a price-to-earnings ratio of -17.15 and a beta of 1.21. The firm’s 50-day moving average is $9.94 and its 200 day moving average is $9.45. Duos Technologies Group has a 1 year low of $5.78 and a 1 year high of $15.28.

Duos Technologies Group (NASDAQ:DUOT) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.12). The firm had revenue of $2.72 million during the quarter, compared to the consensus estimate of $9.60 million. Duos Technologies Group had a negative return on equity of 21.46% and a negative net margin of 45.36%. On average, equities analysts expect that Duos Technologies Group will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Duos Technologies Group

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its position in Duos Technologies Group by 37.8% in the 1st quarter. Royal Bank of Canada now owns 1,330,691 shares of the company’s stock worth $9,129,000 after buying an additional 365,324 shares during the last quarter. Mink Brook Asset Management LLC purchased a new position in Duos Technologies Group in the 3rd quarter worth about $5,756,000. Northern Right Capital Management L.P. purchased a new position in Duos Technologies Group in the 3rd quarter worth about $5,723,000. Vanguard Group Inc. increased its position in shares of Duos Technologies Group by 80.4% during the 3rd quarter. Vanguard Group Inc. now owns 639,797 shares of the company’s stock valued at $4,709,000 after purchasing an additional 285,235 shares during the last quarter. Finally, Regal Partners Ltd purchased a new stake in shares of Duos Technologies Group during the 1st quarter valued at about $3,016,000. Hedge funds and other institutional investors own 42.61% of the company’s stock.

Duos Technologies Group Company Profile

Duos Technologies Group, Inc provides advanced non-intrusive security and inspection solutions utilizing motion-based and artificial intelligence technologies. The company’s core offerings include intelligent video analytics, RFID checkpoint systems, and specialized screening devices designed to detect security threats and contraband across transportation, logistics and critical infrastructure environments. Duos integrates proprietary hardware with software to deliver automated inspection and monitoring tools that enhance safety and operational efficiency.

Among its primary products are automated gate-entry systems, railcar inspection portals and portable screening devices that use AI-driven image recognition and sensor fusion to identify objects such as unauthorized materials, pipeline anomalies or vehicle defects.