MYDA Advisors LLC Reduces Stock Holdings in Duos Technologies Group, Inc. $DUOT

MYDA Advisors LLC reduced its stake in Duos Technologies Group, Inc. (NASDAQ:DUOT) by 61.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the company’s stock after selling 160,000 shares during the period. MYDA Advisors LLC owned 0.48% of Duos Technologies Group worth $1,125,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mink Brook Asset Management LLC purchased a new position in Duos Technologies Group in the third quarter valued at approximately $5,756,000. Northern Right Capital Management L.P. purchased a new position in Duos Technologies Group in the third quarter valued at approximately $5,723,000. Vanguard Group Inc. increased its stake in Duos Technologies Group by 80.4% in the third quarter. Vanguard Group Inc. now owns 639,797 shares of the company’s stock valued at $4,709,000 after purchasing an additional 285,235 shares during the last quarter. Shay Capital LLC increased its stake in Duos Technologies Group by 2,646.1% in the third quarter. Shay Capital LLC now owns 411,910 shares of the company’s stock valued at $3,032,000 after purchasing an additional 396,910 shares during the last quarter. Finally, Potomac Capital Management Inc. purchased a new position in Duos Technologies Group in the fourth quarter valued at approximately $3,085,000. 42.61% of the stock is currently owned by hedge funds and other institutional investors.

Duos Technologies Group Stock Performance

Shares of DUOT opened at $11.68 on Monday. The firm has a market cap of $342.46 million, a PE ratio of -17.70 and a beta of 1.21. The company’s 50 day simple moving average is $9.74 and its 200-day simple moving average is $9.42. Duos Technologies Group, Inc. has a 12-month low of $5.78 and a 12-month high of $15.28.

Duos Technologies Group (NASDAQ:DUOT) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.12). Duos Technologies Group had a negative return on equity of 21.46% and a negative net margin of 45.36%.The company had revenue of $2.72 million for the quarter, compared to analyst estimates of $9.60 million. As a group, equities research analysts forecast that Duos Technologies Group, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of Duos Technologies Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Zacks Research lowered shares of Duos Technologies Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 22nd. Ascendiant Capital Markets raised their target price on shares of Duos Technologies Group from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Duos Technologies Group in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $17.00.

Duos Technologies Group Company Profile

Duos Technologies Group, Inc provides advanced non-intrusive security and inspection solutions utilizing motion-based and artificial intelligence technologies. The company’s core offerings include intelligent video analytics, RFID checkpoint systems, and specialized screening devices designed to detect security threats and contraband across transportation, logistics and critical infrastructure environments. Duos integrates proprietary hardware with software to deliver automated inspection and monitoring tools that enhance safety and operational efficiency.

Among its primary products are automated gate-entry systems, railcar inspection portals and portable screening devices that use AI-driven image recognition and sensor fusion to identify objects such as unauthorized materials, pipeline anomalies or vehicle defects.