Ascendiant Capital Markets Forecasts Strong Price Appreciation for Duos Technologies Group (NASDAQ:DUOT) Stock

Duos Technologies Group (NASDAQ:DUOT) had its target price upped by analysts at Ascendiant Capital Markets from $6.00 to $7.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Ascendiant Capital Markets’ price objective indicates a potential upside of 66.67% from the company’s current price.

Separately, Northland Securities boosted their target price on Duos Technologies Group from $5.50 to $10.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd.

Duos Technologies Group Price Performance

Duos Technologies Group stock opened at $4.50 on Tuesday. Duos Technologies Group has a 12-month low of $1.93 and a 12-month high of $6.44. The company has a current ratio of 0.73, a quick ratio of 0.56 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $4.49 and a 200-day moving average price of $3.32. The firm has a market capitalization of $37.85 million, a PE ratio of -3.15 and a beta of 1.13.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Duos Technologies Group stock. Warberg Asset Management LLC bought a new position in Duos Technologies Group, Inc. (NASDAQ:DUOT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 12,584 shares of the company’s stock, valued at approximately $36,000. Warberg Asset Management LLC owned 0.17% of Duos Technologies Group at the end of the most recent quarter. 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.