Profire Energy (NASDAQ:PFIE) Stock Rating Upgraded by StockNews.com

Profire Energy (NASDAQ:PFIEGet Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Profire Energy Price Performance

Shares of PFIE stock opened at $1.43 on Friday. Profire Energy has a 1-year low of $1.18 and a 1-year high of $3.29. The stock’s fifty day moving average price is $1.68 and its 200 day moving average price is $1.63. The company has a market cap of $67.35 million, a price-to-earnings ratio of 7.15 and a beta of 0.50.

Profire Energy (NASDAQ:PFIEGet Free Report) last announced its earnings results on Wednesday, May 8th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $13.64 million for the quarter, compared to analysts’ expectations of $14.10 million. Profire Energy had a return on equity of 17.27% and a net margin of 16.79%. As a group, equities research analysts anticipate that Profire Energy will post 0.2 earnings per share for the current year.

Hedge Funds Weigh In On Profire Energy

Large investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Profire Energy during the 3rd quarter worth approximately $91,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Profire Energy in the third quarter valued at approximately $95,000. Ritholtz Wealth Management grew its position in shares of Profire Energy by 343.4% in the fourth quarter. Ritholtz Wealth Management now owns 57,433 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 44,479 shares in the last quarter. Barclays PLC purchased a new stake in shares of Profire Energy in the third quarter valued at approximately $131,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Profire Energy in the third quarter valued at approximately $223,000. Institutional investors and hedge funds own 38.51% of the company’s stock.

About Profire Energy

(Get Free Report)

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.

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