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

StockNews.com began coverage on shares of Profire Energy (NASDAQ:PFIE) in a research report released on Tuesday morning. The firm 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 price target on shares of Profire Energy in a report on Wednesday, October 30th.

Profire Energy Price Performance

Shares of NASDAQ:PFIE opened at $2.54 on Tuesday. The company has a market capitalization of $117.35 million, a PE ratio of 14.11 and a beta of 0.45. Profire Energy has a 1 year low of $1.33 and a 1 year high of $2.56. The business has a fifty day moving average price of $2.54 and a two-hundred day moving average price of $2.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PFIE. Raymond James Financial Inc. bought a new stake in shares of Profire Energy in the fourth quarter worth $25,000. Wolverine Asset Management LLC bought a new stake in Profire Energy during the fourth quarter valued at about $64,000. ABC Arbitrage SA bought a new stake in Profire Energy during the fourth quarter valued at about $1,516,000. Trium Capital LLP purchased a new position in shares of Profire Energy in the fourth quarter valued at about $2,296,000. Finally, Virtu Financial LLC purchased a new position in shares of Profire Energy in the third quarter valued at about $46,000. Hedge funds and other 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.