Duos Technologies Group (NASDAQ:DUOT) Issues Earnings Results

Duos Technologies Group (NASDAQ:DUOT) posted its quarterly earnings data on Tuesday. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.12), Zacks reports. The firm had revenue of $1.51 million during the quarter, compared to analyst estimates of $1.40 million. Duos Technologies Group had a negative net margin of 200.92% and a negative return on equity of 237.64%. During the same period in the previous year, the company posted ($0.42) earnings per share.

Duos Technologies Group Stock Up 0.4 %

DUOT stock traded up $0.01 during trading on Thursday, hitting $2.44. The company had a trading volume of 30,242 shares, compared to its average volume of 35,378. The firm has a 50-day moving average price of $2.78 and a 200-day moving average price of $3.24. The firm has a market cap of $18.38 million, a PE ratio of -1.47 and a beta of 1.21. Duos Technologies Group has a 1-year low of $1.93 and a 1-year high of $5.98.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets decreased their price target on shares of Duos Technologies Group from $6.00 to $5.75 and set a “buy” rating for the company in a research note on Friday, June 7th.

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.