Profire Energy (NASDAQ:PFIE) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Profire Energy (NASDAQ:PFIE) in a research report released on Friday morning. The brokerage issued a buy rating on the oil and gas company’s stock.

Separately, Lake Street Capital reissued a “hold” rating and issued a $2.55 price objective on shares of Profire Energy in a report on Wednesday, October 30th.

Profire Energy Price Performance

Shares of Profire Energy stock remained flat at $2.51 on Friday. 175,716 shares of the stock traded hands, compared to its average volume of 344,810. Profire Energy has a 12 month low of $1.33 and a 12 month high of $2.52. The company has a market capitalization of $117.53 million, a price-to-earnings ratio of 13.94 and a beta of 0.43. The company has a fifty day simple moving average of $1.78 and a 200-day simple moving average of $1.65.

Profire Energy (NASDAQ:PFIE) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter. Profire Energy had a return on equity of 15.33% and a net margin of 14.86%. The business had revenue of $17.20 million during the quarter.

Institutional Trading of Profire Energy

Several large investors have recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC boosted its stake in shares of Profire Energy by 4.1% during the first quarter. Pacific Ridge Capital Partners LLC now owns 1,647,774 shares of the oil and gas company’s stock valued at $3,048,000 after purchasing an additional 64,304 shares during the period. Perkins Capital Management Inc. lifted its stake in Profire Energy by 0.9% in the first quarter. Perkins Capital Management Inc. now owns 945,520 shares of the oil and gas company’s stock worth $1,749,000 after acquiring an additional 8,788 shares during the period. Vanguard Group Inc. boosted its holdings in Profire Energy by 17.2% in the first quarter. Vanguard Group Inc. now owns 1,604,221 shares of the oil and gas company’s stock worth $2,968,000 after acquiring an additional 235,664 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Profire Energy by 16.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 175,795 shares of the oil and gas company’s stock worth $325,000 after buying an additional 24,376 shares during the last quarter. Finally, Williams & Novak LLC purchased a new position in Profire Energy in the 2nd quarter valued at about $46,000. 38.51% of the stock is currently owned by institutional investors and hedge funds.

About Profire Energy

Profire Energy, Inc, a technology company, engages in the engineering and design of burner, and combustion management systems and solutions for natural and forced draft applications in the United States and Canada. It primarily focuses on the upstream, midstream, and downstream transmission segments of the oil and gas industry.