Profire Energy (NASDAQ:PFIE) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Profire Energy (NASDAQ:PFIEGet Rating) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the oil and gas company’s stock.

Profire Energy Stock Performance

Shares of NASDAQ:PFIE opened at $1.15 on Friday. The firm has a market cap of $54.10 million, a PE ratio of 28.76 and a beta of 0.92. The firm’s 50 day simple moving average is $0.99 and its 200-day simple moving average is $1.18. Profire Energy has a one year low of $0.85 and a one year high of $1.59.

Institutional Investors Weigh In On Profire Energy

Several institutional investors have recently bought and sold shares of PFIE. Victory Capital Management Inc. boosted its stake in Profire Energy by 9.1% in the first quarter. Victory Capital Management Inc. now owns 2,484,197 shares of the oil and gas company’s stock valued at $3,229,000 after acquiring an additional 208,057 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in shares of Profire Energy by 2.5% during the first quarter. Essex Investment Management Co. LLC now owns 469,984 shares of the oil and gas company’s stock worth $611,000 after buying an additional 11,461 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in shares of Profire Energy by 1.0% during the first quarter. Pacific Ridge Capital Partners LLC now owns 1,999,665 shares of the oil and gas company’s stock worth $2,600,000 after buying an additional 20,491 shares during the period. King Luther Capital Management Corp lifted its stake in shares of Profire Energy by 40.7% during the first quarter. King Luther Capital Management Corp now owns 1,283,025 shares of the oil and gas company’s stock worth $1,668,000 after buying an additional 371,015 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Profire Energy by 106.6% during the first quarter. Acadian Asset Management LLC now owns 135,460 shares of the oil and gas company’s stock worth $175,000 after buying an additional 69,884 shares during the period. 44.21% of the stock is currently owned by institutional investors and hedge funds.

About Profire Energy

(Get Rating)

Profire Energy, Inc, a technology company, provides 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. It also sells and installs its systems in Europe, South America, Africa, the Middle East, and Asia.

Featured Articles

Receive News & Ratings for Profire Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Profire Energy and related companies with MarketBeat.com's FREE daily email newsletter.