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

Stock analysts at StockNews.com started coverage on shares of Profire Energy (NASDAQ:PFIE) in a note issued to investors on Thursday. The firm 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 note on Wednesday, October 30th.

Profire Energy Stock Up 0.8 %

Shares of NASDAQ:PFIE opened at $2.54 on Thursday. The business’s 50 day moving average is $2.39 and its 200 day moving average is $1.86. Profire Energy has a 12-month low of $1.33 and a 12-month high of $2.55. The stock has a market cap of $117.35 million, a price-to-earnings ratio of 14.11 and a beta of 0.45.

Institutional Trading of Profire Energy

Several hedge funds have recently added to or reduced their stakes in PFIE. Pacific Ridge Capital Partners LLC lifted its position in shares of Profire Energy by 5.6% during 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 acquiring an additional 91,941 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Profire Energy during the 3rd quarter valued at $46,000. Royce & Associates LP lifted 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 in the last quarter. Perritt Capital Management Inc boosted its stake in Profire Energy by 4.6% in the 2nd 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 period. Finally, Jane Street Group LLC grew 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 valued at $82,000 after buying an additional 38,230 shares in 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.