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

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

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

Profire Energy Stock Down 0.4 %

Profire Energy stock opened at $2.51 on Friday. The stock has a market cap of $115.96 million, a PE ratio of 13.94 and a beta of 0.43. Profire Energy has a 12-month low of $1.33 and a 12-month high of $2.52. The business’s 50-day moving average price is $1.91 and its two-hundred day moving average price is $1.68.

Institutional Investors Weigh In On Profire Energy

Several hedge funds and other institutional investors have recently modified their holdings of PFIE. Perritt Capital Management Inc boosted its holdings in shares of Profire Energy by 4.6% during the 2nd quarter. Perritt Capital Management Inc now owns 335,800 shares of the oil and gas company’s stock valued at $477,000 after purchasing an additional 14,720 shares during the last quarter. Royce & Associates LP boosted its position in shares of Profire Energy by 1.0% during the 3rd quarter. Royce & Associates LP now owns 2,032,361 shares of the oil and gas company’s stock valued at $3,414,000 after acquiring an additional 20,000 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Profire Energy by 16.1% during the first 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 in the last quarter. Advisor Resource Council purchased a new stake in shares of Profire Energy during the 2nd quarter valued at about $38,000. Finally, Williams & Novak LLC purchased a new position in Profire Energy in the second quarter worth about $46,000. 38.51% of the stock is currently owned by hedge funds and other institutional investors.

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.