Duos Technologies Group, Inc. (NASDAQ:DUOT) Shares Sold by Bard Associates Inc.
Bard Associates Inc. reduced its stake in Duos Technologies Group, Inc. (NASDAQ:DUOT) by 31.5% in Q1, now holding 195,874 shares valued at $1,105,000. Other investors, including LPL Financial and Northern Trust, also adjusted their positions. Duos Technologies' stock opened at $6.47, down 7.6%, with a market cap of $82.49 million. The company reported a quarterly revenue of $4.95 million and an EPS of ($0.18), meeting expectations. Analysts forecast a -1.34 EPS for the current fiscal year, while Ascendiant Capital Markets raised its price target from $9.00 to $11.00, maintaining a "buy" rating.
Bard Associates Inc. cut its stake in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT - Free Report) by 31.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 195,874 shares of the company's stock after selling 89,992 shares during the quarter. Bard Associates Inc. owned about 1.68% of Duos Technologies Group worth $1,105,000 at the end of the most recent quarter.
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Other large investors have also made changes to their positions in the company. LPL Financial LLC acquired a new stake in shares of Duos Technologies Group in the 4th quarter worth approximately $107,000. Geode Capital Management LLC boosted its position in Duos Technologies Group by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 70,871 shares of the company's stock worth $424,000 after purchasing an additional 4,200 shares in the last quarter. Northern Trust Corp grew its holdings in Duos Technologies Group by 80.3% in the fourth quarter. Northern Trust Corp now owns 38,786 shares of the company's stock valued at $232,000 after purchasing an additional 17,270 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Duos Technologies Group in the fourth quarter valued at $74,000. Finally, Huntleigh Advisors Inc. acquired a new position in shares of Duos Technologies Group during the 1st quarter worth $739,000. Hedge funds and other institutional investors own 42.61% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Ascendiant Capital Markets increased their price objective on shares of Duos Technologies Group from $9.00 to $11.00 and gave the company a "buy" rating in a research note on Monday, June 16th.
Get Our Latest Stock Analysis on DUOT
Duos Technologies Group Trading Down 7.6%
Shares of DUOT opened at $6.47 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.53 and a quick ratio of 0.50. Duos Technologies Group, Inc. has a 1-year low of $2.22 and a 1-year high of $9.27. The stock has a market cap of $82.49 million, a price-to-earnings ratio of -5.39 and a beta of 1.00. The firm has a 50 day simple moving average of $7.59 and a 200-day simple moving average of $6.78.
Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.18) EPS for the quarter, meeting analysts' consensus estimates of ($0.18). Duos Technologies Group had a negative return on equity of 331.38% and a negative net margin of 90.41%. The firm had revenue of $4.95 million for the quarter, compared to analysts' expectations of $4.60 million. During the same quarter in the prior year, the firm earned ($0.38) EPS. Equities analysts forecast that Duos Technologies Group, Inc. will post -1.34 EPS for the current fiscal year.
Duos Technologies Group Profile
(Free Report)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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