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

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

Profire Energy Price Performance

NASDAQ:PFIE opened at $1.17 on Monday. The firm has a 50-day moving average of $1.13 and a 200-day moving average of $1.07. The company has a market cap of $55.39 million, a PE ratio of 14.63 and a beta of 0.89. Profire Energy has a one year low of $0.85 and a one year high of $1.57.

Hedge Funds Weigh In On Profire Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Prudential Financial Inc. purchased a new stake in shares of Profire Energy during the second quarter valued at approximately $36,000. Virtu Financial LLC bought a new stake in Profire Energy during the third quarter worth $29,000. Cetera Investment Advisers bought a new stake in Profire Energy during the fourth quarter worth $47,000. Legato Capital Management LLC bought a new stake in Profire Energy during the fourth quarter worth $66,000. Finally, Millennium Management LLC lifted its holdings in Profire Energy by 84.1% during the second quarter. Millennium Management LLC now owns 70,468 shares of the oil and gas company’s stock worth $101,000 after acquiring an additional 32,185 shares during the period. Hedge funds and other institutional investors own 45.32% of the company’s stock.

Profire Energy Company Profile

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Profire Energy, Inc engages in the manufacture of industrial combustion appliances. Its product categories include burner management, combustion control, waste management, fuel and gas train management, stands, pilots, burners, chemical management, flame arrestors, combustion equipment, accessories and components, and legacy.