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

Stock analysts at StockNews.com assumed coverage on shares of Profire Energy (NASDAQ:PFIE) in a research report issued to clients and investors on Sunday. The brokerage set a “buy” rating on the oil and gas company’s stock.

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

Profire Energy Price Performance

Shares of NASDAQ PFIE opened at $2.52 on Friday. Profire Energy has a twelve month low of $1.33 and a twelve month high of $2.52. The stock has a market cap of $116.42 million, a price-to-earnings ratio of 14.00 and a beta of 0.43. The company’s fifty day moving average is $1.98 and its 200-day moving average is $1.69.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Advisor Resource Council acquired a new stake in shares of Profire Energy during the second quarter worth $38,000. Williams & Novak LLC bought a new position in Profire Energy during the 2nd quarter worth about $46,000. Virtu Financial LLC acquired a new stake in shares of Profire Energy in the 3rd quarter valued at about $46,000. Jane Street Group LLC lifted 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 valued at $82,000 after purchasing an additional 38,230 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Profire Energy by 16.1% during 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 period. 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.