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

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

Separately, Lake Street Capital restated 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

PFIE opened at $2.54 on Friday. The stock’s fifty day moving average is $2.53 and its two-hundred day moving average is $1.96. The company has a market capitalization of $117.35 million, a P/E ratio of 14.11 and a beta of 0.45. Profire Energy has a 52 week low of $1.33 and a 52 week high of $2.56.

Hedge Funds Weigh In On Profire Energy

Large investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in Profire Energy during the 3rd quarter valued at $46,000. Jane Street Group LLC grew its stake in 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 during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in 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 purchasing an additional 91,941 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of Profire Energy by 1.0% during the third 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. 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.