Profire Energy (NASDAQ:PFIE) Stock Price Passes Below 200 Day Moving Average of $1.74

Profire Energy, Inc. (NASDAQ:PFIE)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.74 and traded as low as $1.73. Profire Energy shares last traded at $1.74, with a volume of 105,281 shares.

Profire Energy Stock Performance

The stock has a market capitalization of $92.81 million, a price-to-earnings ratio of 7.91 and a beta of 0.52. The firm has a fifty day moving average of $1.65 and a 200 day moving average of $1.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.89 and a quick ratio of 3.34.

Profire Energy (NASDAQ:PFIE) last posted its earnings results on Wednesday, March 13th. The oil and gas company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $14.38 million for the quarter, compared to analyst estimates of $14.99 million. Profire Energy had a return on equity of 20.13% and a net margin of 18.51%. On average, sell-side analysts anticipate that Profire Energy, Inc. will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Profire Energy

Hedge funds have recently bought and sold shares of the business. Qube Research & Technologies Ltd purchased a new position in Profire Energy during the third quarter worth approximately $25,000. Freedom Wealth Alliance LLC purchased a new position in Profire Energy during the third quarter worth approximately $29,000. Commonwealth Equity Services LLC purchased a new position in shares of Profire Energy in the third quarter valued at approximately $33,000. Brown Advisory Inc. purchased a new position in shares of Profire Energy in the third quarter valued at approximately $35,000. Finally, Ritholtz Wealth Management purchased a new position in shares of Profire Energy in the third quarter valued at approximately $36,000. Hedge funds and other 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.