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

Equities researchers at StockNews.com initiated coverage on shares of Profire Energy (NASDAQ:PFIE – Get Rating) in a report issued on Monday. The firm set a “hold” rating on the oil and gas company’s stock.

Profire Energy Price Performance

NASDAQ:PFIE opened at $1.16 on Monday. The business’s 50-day moving average is $1.08 and its two-hundred day moving average is $1.09. Profire Energy has a 12 month low of $0.85 and a 12 month high of $1.59. The firm has a market capitalization of $54.57 million, a PE ratio of 29.01 and a beta of 0.95.

Profire Energy (NASDAQ:PFIE – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The oil and gas company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Profire Energy had a return on equity of 4.48% and a net margin of 4.91%. The company had revenue of $12.83 million for the quarter, compared to analyst estimates of $12.50 million. Equities analysts anticipate that Profire Energy will post 0.04 EPS for the current year.

Institutional Trading of Profire Energy

Several large investors have recently modified their holdings of PFIE. AWM Investment Company Inc. grew its stake in shares of Profire Energy by 116.0% during the second quarter. AWM Investment Company Inc. now owns 1,343,897 shares of the oil and gas company’s stock valued at $1,935,000 after acquiring an additional 721,772 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in shares of Profire Energy by 39.2% during the second quarter. Essex Investment Management Co. LLC now owns 654,179 shares of the oil and gas company’s stock valued at $942,000 after acquiring an additional 184,195 shares in the last quarter. Renaissance Technologies LLC grew its stake in Profire Energy by 12.4% in the second quarter. Renaissance Technologies LLC now owns 1,649,395 shares of the oil and gas company’s stock worth $2,375,000 after purchasing an additional 181,900 shares in the last quarter. Everett Harris & Co. CA grew its stake in Profire Energy by 12.6% in the third quarter. Everett Harris & Co. CA now owns 1,078,418 shares of the oil and gas company’s stock worth $917,000 after purchasing an additional 120,670 shares in the last quarter. Finally, Ancora Advisors LLC grew its stake in Profire Energy by 20.5% in the first quarter. Ancora Advisors LLC now owns 648,040 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 110,030 shares in the last quarter. 45.32% of the stock is currently owned by institutional investors and hedge funds.

About Profire Energy

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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.