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

by · The Cerbat Gem

StockNews.com began coverage on shares of Profire Energy (NASDAQ:PFIE – Free Report) in a research report sent to investors on Saturday. 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 target price on shares of Profire Energy in a report on Wednesday, October 30th.

Read Our Latest Report on PFIE

Profire Energy Trading Down 0.4 %

Shares of NASDAQ PFIE opened at $2.51 on Friday. Profire Energy has a twelve month low of $1.33 and a twelve month high of $2.52. The firm has a 50-day moving average of $1.91 and a two-hundred day moving average of $1.68. The company has a market capitalization of $115.96 million, a price-to-earnings ratio of 13.94 and a beta of 0.43.

Institutional Investors Weigh In On Profire Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Perritt Capital Management Inc grew its position in shares of Profire Energy by 4.6% during the 2nd quarter. Perritt Capital Management Inc now owns 335,800 shares of the oil and gas company’s stock worth $477,000 after buying an additional 14,720 shares during the period. Royce & Associates LP grew its holdings in shares of Profire Energy by 1.0% in the 3rd 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 period. O Shaughnessy Asset Management LLC increased its position in shares of Profire Energy by 16.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,795 shares of the oil and gas company’s stock valued at $325,000 after buying an additional 24,376 shares in the last quarter. Advisor Resource Council acquired a new stake in Profire Energy during the 2nd quarter worth $38,000. Finally, Williams & Novak LLC bought a new position in Profire Energy during the second quarter worth about $46,000. 38.51% of the stock is owned by institutional investors and hedge funds.

Profire Energy Company Profile

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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.

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