Duos Technologies Group (NASDAQ:DUOT) Stock Gets Downgrade from Wall Street Zen

Duos Technologies Group (NASDAQ:DUOT) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

DUOT has been the topic of several other research reports. Chardan Capital initiated coverage on Duos Technologies Group in a report on Friday. They issued a “neutral” rating and a $9.50 price objective on the stock. Zacks Research raised Duos Technologies Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings cut Duos Technologies Group from a “hold (c-)” rating to a “sell (d-)” rating in a report on Thursday. Cantor Fitzgerald increased their target price on Duos Technologies Group from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Finally, Ascendiant Capital Markets raised their price target on Duos Technologies Group from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.17.

Duos Technologies Group Price Performance

Duos Technologies Group stock opened at $7.20 on Friday. The company has a market capitalization of $211.10 million, a PE ratio of 7.27 and a beta of 1.35. The firm has a fifty day simple moving average of $9.10 and a two-hundred day simple moving average of $9.43. Duos Technologies Group has a twelve month low of $6.17 and a twelve month high of $15.28.

Insider Buying and Selling at Duos Technologies Group

In other news, Director James Nixon purchased 5,764 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was bought at an average cost of $8.55 per share, for a total transaction of $49,282.20. Following the acquisition, the director directly owned 84,523 shares of the company’s stock, valued at $722,671.65. This represents a 7.32% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frank Recker purchased 9,250 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were purchased at an average price of $9.14 per share, with a total value of $84,545.00. Following the completion of the acquisition, the chief executive officer directly owned 9,250 shares in the company, valued at $84,545. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Duos Technologies Group

A number of hedge funds have recently modified their holdings of DUOT. Legal & General Group Plc bought a new position in Duos Technologies Group during the 2nd quarter valued at approximately $31,000. C2C Wealth Management LLC purchased a new stake in Duos Technologies Group in the 1st quarter worth approximately $75,000. Heck Capital Advisors LLC purchased a new stake in Duos Technologies Group in the 2nd quarter worth approximately $164,000. Bank of America Corp DE purchased a new stake in Duos Technologies Group in the 2nd quarter worth approximately $237,000. Finally, Quantbot Technologies LP bought a new stake in shares of Duos Technologies Group in the 2nd quarter worth approximately $262,000. Hedge funds and other institutional investors own 42.61% of the company’s stock.

Duos Technologies Group Company Profile

Duos Technologies Group, Inc develops technology that combines artificial intelligence, machine learning, computer vision and data analytics to automate the inspection and monitoring of rail and other transportation infrastructure. The company serves commercial and government customers seeking to improve safety, security and operational efficiency through automated systems.

Its core offerings include the Railcar Inspection Portal, an automated, wayside inspection system designed to capture high-resolution images and other data as trains pass through a portal.