Stock analysts at StockNews.com started coverage on shares of Profire Energy (NASDAQ:PFIE - Get Free Report) in a research note issued on Sunday. 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.
View Our Latest Research Report on Profire Energy
Profire Energy Stock Performance
NASDAQ PFIE remained flat at $2.52 during trading hours on Friday. 210,615 shares of the company's stock traded hands, compared to its average volume of 2,028,134. The firm has a fifty day moving average of $1.98 and a 200 day moving average of $1.69. The stock has a market cap of $116.42 million, a P/E ratio of 14.00 and a beta of 0.43. Profire Energy has a one year low of $1.33 and a one year high of $2.52.
Hedge Funds Weigh In On Profire Energy
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Resource Council bought a new stake in shares of Profire Energy during the second quarter valued at approximately $38,000. Williams & Novak LLC bought a new stake in Profire Energy in the second quarter valued at approximately $46,000. Virtu Financial LLC bought a new position in shares of Profire Energy during the third quarter worth about $46,000. Jane Street Group LLC grew its holdings in Profire Energy by 359.3% during the third quarter. Jane Street Group LLC now owns 48,870 shares of the oil and gas company's stock worth $82,000 after purchasing an additional 38,230 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of 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 worth $325,000 after acquiring an additional 24,376 shares during the period. 38.51% of the stock is currently owned by hedge funds and other institutional investors.
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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