Profire Energy (NASDAQ:PFIE) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Profire Energy (NASDAQ:PFIE) in a report issued on Monday. The firm set a “buy” rating on the oil and gas company’s stock.

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

Profire Energy Stock Performance

Shares of NASDAQ PFIE opened at $2.54 on Monday. Profire Energy has a one year low of $1.33 and a one year high of $2.56. The business has a 50-day moving average price of $2.53 and a two-hundred day moving average price of $2.03. The firm has a market capitalization of $117.35 million, a PE ratio of 14.11 and a beta of 0.45.

Institutional Investors Weigh In On Profire Energy

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC increased its stake 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 buying an additional 38,230 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Profire Energy in the 3rd quarter worth $46,000. Trium Capital LLP acquired a new position in shares of Profire Energy during the 4th quarter worth about $2,296,000. Finally, Royce & Associates LP grew its holdings in 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 purchasing an additional 20,000 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.