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

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

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

Profire Energy Price Performance

Profire Energy stock opened at $2.54 on Friday. The firm has a market cap of $117.35 million, a P/E ratio of 14.11 and a beta of 0.45. The business has a fifty day moving average of $2.53 and a two-hundred day moving average of $2.00. Profire Energy has a twelve month low of $1.33 and a twelve month high of $2.56.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Royce & Associates LP boosted its stake in Profire Energy by 1.0% in 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 acquiring an additional 20,000 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Profire Energy during the 3rd quarter valued at $46,000. Jane Street Group LLC lifted its holdings in shares of 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 purchasing an additional 38,230 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of Profire Energy by 5.6% in 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 in the last quarter. Finally, Trium Capital LLP purchased a new position in Profire Energy during the 4th quarter worth $2,296,000. 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.