Northland Securities Boosts Duos Technologies Group (NASDAQ:DUOT) Price Target to $14.00

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) had its target price increased by research analysts at Northland Securities from $10.00 to $14.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Northland Securities' price objective indicates a potential upside of 95.53% from the stock's current price.

Separately, Ascendiant Capital Markets increased their target price on shares of Duos Technologies Group from $6.00 to $7.50 and gave the stock a "buy" rating in a research report on Tuesday, December 17th.

Duos Technologies Group Stock Up 2.4 %

Duos Technologies Group stock traded up $0.17 during midday trading on Wednesday, reaching $7.16. The stock had a trading volume of 79,899 shares, compared to its average volume of 176,168. The stock's 50-day simple moving average is $5.79 and its 200 day simple moving average is $4.19. Duos Technologies Group has a twelve month low of $2.03 and a twelve month high of $8.53. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.73 and a quick ratio of 0.56.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DUOT. FNY Investment Advisers LLC purchased a new position in Duos Technologies Group in the 4th quarter valued at about $66,000. HighTower Advisors LLC increased its holdings in Duos Technologies Group by 6.8% during the 4th quarter. HighTower Advisors LLC now owns 63,143 shares of the company's stock worth $378,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Duos Technologies Group in the 4th quarter valued at approximately $116,000. 42.61% of the stock is 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.