Profire Energy (NASDAQ:PFIE) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Profire Energy (NASDAQ:PFIE) in a note issued to investors on Saturday. The brokerage set a “buy” rating on the oil and gas company’s stock.

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

Profire Energy Price Performance

Shares of Profire Energy stock opened at $2.54 on Friday. Profire Energy has a 1 year low of $1.33 and a 1 year high of $2.56. The firm has a market cap of $117.35 million, a PE ratio of 14.11 and a beta of 0.45. The company has a 50 day simple moving average of $2.53 and a two-hundred day simple moving average of $1.96.

Institutional Investors Weigh In On Profire Energy

A number of hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of Profire Energy in the 3rd quarter valued at about $46,000. Jane Street Group LLC grew its holdings in shares of Profire Energy by 359.3% in the third quarter. Jane Street Group LLC now owns 48,870 shares of the oil and gas company’s stock worth $82,000 after purchasing an additional 38,230 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of Profire Energy by 5.6% in the second quarter. Pacific Ridge Capital Partners LLC now owns 1,739,715 shares of the oil and gas company’s stock worth $2,470,000 after buying an additional 91,941 shares during the period. Finally, Royce & Associates LP raised its holdings in Profire Energy by 1.0% during the 3rd quarter. Royce & Associates LP now owns 2,032,361 shares of the oil and gas company’s stock valued at $3,414,000 after buying an additional 20,000 shares during the last quarter. 38.51% of the stock is currently owned by institutional investors.

Profire Energy Company Profile

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.