Northland Securities Issues Positive Forecast for Duos Technologies Group (NASDAQ:DUOT) Stock Price

Duos Technologies Group (NASDAQ:DUOT) had its target price increased by Northland Securities from $10.00 to $14.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ price target would suggest a potential upside of 118.07% from the company’s previous close.

Separately, Ascendiant Capital Markets boosted their target price 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 Stock Performance

NASDAQ DUOT opened at $6.42 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 0.66. Duos Technologies Group has a fifty-two week low of $2.03 and a fifty-two week high of $8.53. The business has a fifty day moving average of $5.68 and a 200-day moving average of $4.11. The stock has a market cap of $53.99 million, a price-to-earnings ratio of -4.49 and a beta of 1.12.

Institutional Trading of Duos Technologies Group

A hedge fund recently bought a new stake in Duos Technologies Group stock. FNY Investment Advisers LLC purchased a new stake in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,053 shares of the company’s stock, valued at approximately $66,000. FNY Investment Advisers LLC owned approximately 0.13% of Duos Technologies Group as of its most recent SEC filing. 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.