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

StockNews.com initiated coverage on shares of Profire Energy (NASDAQ:PFIE) in a research note issued to investors on Sunday. The brokerage issued a buy rating on the oil and gas company’s stock.

Separately, Lake Street Capital reaffirmed a “hold” rating and set a $2.55 target price on shares of Profire Energy in a research report on Wednesday, October 30th.

Profire Energy Trading Up 0.4 %

Shares of PFIE stock opened at $2.52 on Friday. Profire Energy has a 12-month low of $1.33 and a 12-month high of $2.52. The business’s fifty day simple moving average is $2.01 and its 200-day simple moving average is $1.71. The company has a market cap of $116.42 million, a PE ratio of 13.94 and a beta of 0.43.

Institutional Trading of Profire Energy

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Profire Energy by 17.2% during the first quarter. Vanguard Group Inc. now owns 1,604,221 shares of the oil and gas company’s stock worth $2,968,000 after buying an additional 235,664 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Profire Energy by 16.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,795 shares of the oil and gas company’s stock valued at $325,000 after purchasing an additional 24,376 shares during the last quarter. Williams & Novak LLC acquired a new position in shares of Profire Energy in the second quarter valued at about $46,000. Advisor Resource Council purchased a new position in shares of Profire Energy in the second quarter worth about $38,000. Finally, Perritt Capital Management Inc lifted its holdings in shares of Profire Energy by 4.6% during the second quarter. Perritt Capital Management Inc now owns 335,800 shares of the oil and gas company’s stock worth $477,000 after purchasing an additional 14,720 shares during the period. 38.51% of the stock is currently owned by institutional investors and hedge funds.

About Profire Energy

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.