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

StockNews.com started coverage on shares of Profire Energy (NASDAQ:PFIE) in a research report released on Saturday morning. 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 target on shares of Profire Energy in a report on Wednesday, October 30th.

Profire Energy Stock Performance

Profire Energy stock opened at $2.52 on Friday. The company has a fifty day simple moving average of $1.87 and a 200-day simple moving average of $1.67. The stock has a market cap of $116.19 million, a P/E ratio of 13.97 and a beta of 0.43. Profire Energy has a 12-month low of $1.33 and a 12-month high of $2.52.

Institutional Trading of Profire Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Perritt Capital Management Inc boosted its holdings in shares of 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 valued at $477,000 after buying an additional 14,720 shares in the last quarter. Royce & Associates LP lifted its position 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 during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Profire Energy by 16.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 175,795 shares of the oil and gas company’s stock valued at $325,000 after acquiring an additional 24,376 shares in the last quarter. Advisor Resource Council purchased a new position in shares of Profire Energy during the second quarter worth about $38,000. Finally, Williams & Novak LLC acquired a new stake in shares of Profire Energy during the second quarter worth about $46,000. 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.