Profire Energy (NASDAQ:PFIE) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Profire Energy (NASDAQ:PFIE) in a report issued on Sunday. The firm issued a buy rating on the oil and gas company’s stock.

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

Profire Energy Stock Performance

PFIE opened at $2.54 on Friday. Profire Energy has a one year low of $1.33 and a one year high of $2.56. The company has a market cap of $117.35 million, a P/E ratio of 14.11 and a beta of 0.45. The business’s 50-day simple moving average is $2.53 and its 200-day simple moving average is $2.01.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of Profire Energy in the 3rd quarter valued at about $46,000. Jane Street Group LLC boosted its position in shares of Profire Energy by 359.3% in the 3rd quarter. Jane Street Group LLC now owns 48,870 shares of the oil and gas company’s stock valued at $82,000 after purchasing an additional 38,230 shares during the period. Trium Capital LLP acquired a new stake in shares of Profire Energy in the 4th quarter valued at about $2,296,000. Pacific Ridge Capital Partners LLC boosted its position in shares of Profire Energy by 5.6% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 1,739,715 shares of the oil and gas company’s stock valued at $2,470,000 after purchasing an additional 91,941 shares during the period. Finally, Royce & Associates LP boosted its position in shares of Profire Energy by 1.0% in 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 purchasing an additional 20,000 shares during the period. Hedge funds and other institutional investors own 38.51% of the company’s stock.

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.