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

StockNews.com started coverage on shares of Profire Energy (NASDAQ:PFIE) in a research note issued to investors on Tuesday 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 target price on shares of Profire Energy in a report on Wednesday, October 30th.

Profire Energy Trading Down 0.4 %

Shares of Profire Energy stock opened at $2.53 on Tuesday. The company has a market cap of $116.89 million, a PE ratio of 14.06 and a beta of 0.45. The company has a 50 day moving average of $2.20 and a 200-day moving average of $1.78. Profire Energy has a 1-year low of $1.33 and a 1-year high of $2.55.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of Profire Energy during the 3rd quarter valued at $46,000. Jane Street Group LLC boosted its stake in shares of Profire Energy by 359.3% during 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. Perritt Capital Management Inc grew its holdings in shares of Profire Energy by 4.6% during the second quarter. Perritt Capital Management Inc now owns 335,800 shares of the oil and gas company’s stock worth $477,000 after purchasing an additional 14,720 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 valued at $2,470,000 after buying an additional 91,941 shares during the period. Finally, Vanguard Group Inc. boosted its position in Profire Energy by 17.2% during the 1st quarter. Vanguard Group Inc. now owns 1,604,221 shares of the oil and gas company’s stock worth $2,968,000 after buying an additional 235,664 shares during the period. Institutional investors and hedge funds 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.