Duos Technologies Group (NASDAQ:DUOT) Given New $10.00 Price Target at Northland Securities

Duos Technologies Group (NASDAQ:DUOT) had its price target raised by stock analysts at Northland Securities from $5.50 to $10.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ target price would suggest a potential upside of 118.34% from the stock’s current price.

Separately, Ascendiant Capital Markets upped their price target on shares of Duos Technologies Group from $5.75 to $6.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th.

Duos Technologies Group Stock Performance

DUOT opened at $4.58 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.73 and a quick ratio of 0.41. The company has a market capitalization of $38.52 million, a PE ratio of -3.20 and a beta of 1.10. The business has a fifty day simple moving average of $3.75 and a 200 day simple moving average of $3.02. Duos Technologies Group has a 1 year low of $1.93 and a 1 year high of $6.44.

Hedge Funds Weigh In On Duos Technologies Group

An institutional investor recently bought a new position in Duos Technologies Group stock. Virtu Financial LLC purchased a new position in Duos Technologies Group, Inc. (NASDAQ:DUOT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,812 shares of the company’s stock, valued at approximately $51,000. Virtu Financial LLC owned 0.16% of Duos Technologies Group as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.