Northland Securities Forecasts Strong Price Appreciation for Duos Technologies Group (NASDAQ:DUOT) Stock

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

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

Duos Technologies Group Trading Down 1.4 %

NASDAQ DUOT opened at $6.42 on Wednesday. The stock has a market cap of $53.99 million, a P/E ratio of -4.49 and a beta of 1.12. The company’s fifty day simple moving average is $5.68 and its 200-day simple moving average is $4.11. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. Duos Technologies Group has a 52 week low of $2.03 and a 52 week high of $8.53.

Hedge Funds Weigh In On Duos Technologies Group

A hedge fund recently bought a new stake in Duos Technologies Group stock. FNY Investment Advisers LLC purchased a new position in Duos Technologies Group, Inc. (NASDAQ:DUOT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,053 shares of the company’s stock, valued at approximately $66,000. FNY Investment Advisers LLC owned about 0.13% of Duos Technologies Group at the end of the most recent quarter. 42.61% of the stock is currently owned by hedge funds and other institutional investors.

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.