Profire Energy (NASDAQ:PFIE) Research Coverage Started at StockNews.com

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

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

Profire Energy Price Performance

Shares of Profire Energy stock opened at $2.54 on Friday. Profire Energy has a 52 week low of $1.33 and a 52 week high of $2.56. The business’s fifty day simple moving average is $2.53 and its 200-day simple moving average is $2.01. The firm has a market cap of $117.35 million, a PE ratio of 14.11 and a beta of 0.45.

Institutional Investors Weigh In On Profire Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Profire Energy in the 3rd quarter valued at $46,000. Jane Street Group LLC increased its holdings in Profire Energy by 359.3% during the 3rd 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 period. Trium Capital LLP purchased a new stake in Profire Energy during the 4th quarter worth about $2,296,000. Pacific Ridge Capital Partners LLC increased its holdings in Profire Energy by 5.6% during the 2nd 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 purchasing an additional 91,941 shares during the period. Finally, Royce & Associates LP increased 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 worth $3,414,000 after purchasing an additional 20,000 shares during the period. Hedge funds and other institutional investors own 38.51% of the company’s stock.

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.