StockNews.com Begins Coverage on Profire Energy (NASDAQ:PFIE)

Research analysts at StockNews.com began coverage on shares of Profire Energy (NASDAQ:PFIE - Get Free Report) in a report issued on Friday. The brokerage set a "buy" rating on the oil and gas company's stock.

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

Profire Energy Price Performance

PFIE stock remained flat at $2.54 during mid-day trading on Friday. 167,100 shares of the company's stock were exchanged, compared to its average volume of 352,863. Profire Energy has a fifty-two week low of $1.33 and a fifty-two week high of $2.56. The firm has a market cap of $117.35 million, a PE ratio of 14.11 and a beta of 0.45. The company has a 50 day simple moving average of $2.51 and a 200-day simple moving average of $1.91.

Hedge Funds Weigh In On Profire Energy

Several hedge funds have recently bought and sold shares of the business. Pacific Ridge Capital Partners LLC boosted its stake in shares of Profire Energy by 5.6% during the second 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. Virtu Financial LLC bought a new stake in Profire Energy during the 3rd quarter valued at about $46,000. Royce & Associates LP boosted its position in 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 buying an additional 20,000 shares during the period. Perritt Capital Management Inc grew its stake in Profire Energy by 4.6% in the 2nd quarter. Perritt Capital Management Inc now owns 335,800 shares of the oil and gas company's stock worth $477,000 after acquiring an additional 14,720 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in 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 worth $82,000 after acquiring an additional 38,230 shares in the last quarter. 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.