Duos Technologies Group (NASDAQ:DUOT) Stock Price Expected to Rise, Northland Securities Analyst Says

Duos Technologies Group (NASDAQ:DUOT) had its target price raised by investment analysts at Northland Securities from $10.00 to $14.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ target price would suggest a potential upside of 100.29% from the company’s previous close.

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

Duos Technologies Group Price Performance

Duos Technologies Group stock opened at $6.99 on Wednesday. The company’s fifty day moving average price is $5.75 and its 200 day moving average price is $4.15. 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 $58.79 million, a P/E ratio of -4.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.56 and a current ratio of 0.73.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Duos Technologies Group stock. FNY Investment Advisers LLC purchased a new position in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,053 shares of the company’s stock, valued at approximately $66,000. FNY Investment Advisers LLC owned 0.13% of Duos Technologies Group as of its most recent SEC filing. 42.61% of the stock is owned by institutional investors and hedge funds.

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.