Profire Energy (NASDAQ:PFIE) Research Coverage Started at 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 reissued a “hold” rating and issued a $2.55 target price on shares of Profire Energy in a research note on Wednesday, October 30th.

Profire Energy Stock Down 0.4 %

Profire Energy stock opened at $2.51 on Friday. The firm has a market capitalization of $115.96 million, a PE ratio of 14.00 and a beta of 0.43. Profire Energy has a 52 week low of $1.33 and a 52 week high of $2.52. The firm’s 50-day simple moving average is $2.00 and its 200 day simple moving average is $1.70.

Institutional Investors Weigh In On Profire Energy

Several hedge funds and other institutional investors have recently bought and sold shares of PFIE. Advisor Resource Council acquired a new position in Profire Energy during the 2nd quarter worth $38,000. Virtu Financial LLC bought a new stake in shares of Profire Energy in the 3rd quarter valued at approximately $46,000. Williams & Novak LLC acquired a new stake in shares of Profire Energy during the 2nd quarter valued at approximately $46,000. Jane Street Group LLC lifted its stake in Profire Energy by 359.3% during the third quarter. Jane Street Group LLC now owns 48,870 shares of the oil and gas company’s stock worth $82,000 after purchasing an additional 38,230 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings 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 worth $325,000 after purchasing an additional 24,376 shares during the period. 38.51% of the stock is currently owned by hedge funds and other institutional investors.

About Profire Energy

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.