Duos Technologies Group (NASDAQ:DUOT) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) released its earnings results on Wednesday. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.06, Zacks reports. Duos Technologies Group had a negative return on equity of 297.45% and a negative net margin of 67.62%. Duos Technologies Group updated its FY 2025 guidance to EPS.

Duos Technologies Group Price Performance

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Shares of DUOT traded down $0.76 during midday trading on Wednesday, hitting $8.89. 523,542 shares of the company traded hands, compared to its average volume of 211,752. The stock has a 50-day moving average of $8.42 and a 200-day moving average of $7.68. Duos Technologies Group has a one year low of $3.71 and a one year high of $11.23. The firm has a market cap of $180.05 million, a P/E ratio of -8.31 and a beta of 1.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.37 and a quick ratio of 0.33.

Institutional Trading of Duos Technologies Group

A hedge fund recently raised its stake in Duos Technologies Group stock. Geode Capital Management LLC raised its stake in Duos Technologies Group, Inc. (NASDAQ:DUOT - Free Report) by 38.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,682 shares of the company's stock after buying an additional 26,821 shares during the period. Geode Capital Management LLC owned about 0.75% of Duos Technologies Group worth $684,000 at the end of the most recent quarter. Institutional investors and hedge funds own 42.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Ascendiant Capital Markets lifted their price objective on shares of Duos Technologies Group from $11.00 to $11.50 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Weiss Ratings reissued a "sell (d-)" rating on shares of Duos Technologies Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Duos Technologies Group from a "sell" rating to a "hold" rating in a research note on Saturday, October 18th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.75.

Get Our Latest Stock Analysis on Duos Technologies Group

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.

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