Profire Energy (NASDAQ:PFIE) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Profire Energy (NASDAQ:PFIE) in a research report report published on Thursday. 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 research note on Wednesday, October 30th.

Profire Energy Price Performance

Profire Energy stock opened at $2.55 on Thursday. The business has a 50 day moving average price of $2.42 and a two-hundred day moving average price of $1.87. Profire Energy has a 12 month low of $1.33 and a 12 month high of $2.55. The stock has a market cap of $117.81 million, a price-to-earnings ratio of 14.17 and a beta of 0.45.

Institutional Trading of Profire Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new position in Profire Energy during the third quarter worth about $46,000. Jane Street Group LLC raised its holdings in shares of Profire Energy by 359.3% in the 3rd quarter. Jane Street Group LLC now owns 48,870 shares of the oil and gas company’s stock worth $82,000 after buying an additional 38,230 shares in the last quarter. Perritt Capital Management Inc lifted 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. Pacific Ridge Capital Partners LLC boosted its stake in Profire Energy by 5.6% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 1,739,715 shares of the oil and gas company’s stock valued at $2,470,000 after buying an additional 91,941 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in 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 in the last quarter. 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.