StockNews.com began coverage on shares of Profire Energy (NASDAQ:PFIE - Free Report) in a research note issued to investors on Tuesday. 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 target price on shares of Profire Energy in a research note on Wednesday, October 30th.
Get Our Latest Research Report on Profire Energy
Profire Energy Stock Performance
Shares of Profire Energy stock traded down $0.01 on Tuesday, reaching $2.53. 251,434 shares of the company were exchanged, compared to its average volume of 349,520. Profire Energy has a 1-year low of $1.33 and a 1-year high of $2.55. The firm has a market cap of $116.89 million, a price-to-earnings ratio of 14.11 and a beta of 0.45. The company's 50-day moving average is $2.19 and its two-hundred day moving average is $1.78.
Institutional Investors Weigh In On Profire Energy
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position 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. Perritt Capital Management Inc boosted its position in 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 worth $477,000 after acquiring an additional 14,720 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in Profire Energy by 5.6% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 1,739,715 shares of the oil and gas company's stock worth $2,470,000 after acquiring an additional 91,941 shares during the period. Royce & Associates LP increased its holdings in shares of Profire Energy by 1.0% during the third 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. Finally, Jane Street Group LLC increased its holdings in shares of 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 valued at $82,000 after purchasing an additional 38,230 shares during the period. Institutional investors own 38.51% of the company's stock.
About Profire Energy
(
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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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