Essex Investment Management Co. LLC Buys Shares of 19,364 Duos Technologies Group, Inc. (NASDAQ:DUOT)

Essex Investment Management Co. LLC purchased a new stake in shares of Duos Technologies Group, Inc. (NASDAQ:DUOT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 19,364 shares of the company’s stock, valued at approximately $116,000. Essex Investment Management Co. LLC owned 0.23% of Duos Technologies Group as of its most recent filing with the SEC.

Separately, FNY Investment Advisers LLC acquired a new stake in Duos Technologies Group during the fourth quarter worth $66,000. 42.61% of the stock is owned by institutional investors and hedge funds.

Duos Technologies Group Trading Up 6.3 %

DUOT opened at $5.55 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.73 and a debt-to-equity ratio of 0.66. The firm has a market cap of $46.68 million, a P/E ratio of -3.88 and a beta of 1.02. Duos Technologies Group, Inc. has a 52 week low of $2.03 and a 52 week high of $8.53. The business has a fifty day simple moving average of $6.38 and a 200-day simple moving average of $4.75.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DUOT. Northland Securities increased their price target on Duos Technologies Group from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. 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 note on Tuesday, December 17th.

Duos Technologies Group 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.