StockNews.com assumed coverage on shares of Profire Energy (NASDAQ:PFIE - Free Report) in a research report released on Wednesday. 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 report on Wednesday, October 30th.
View Our Latest Stock Report on Profire Energy
Profire Energy Stock Performance
PFIE remained flat at $2.53 during trading on Wednesday. The company had a trading volume of 211,196 shares, compared to its average volume of 345,403. The stock has a market cap of $116.89 million, a P/E ratio of 14.06 and a beta of 0.45. The company has a 50-day simple moving average of $2.29 and a 200-day simple moving average of $1.82. Profire Energy has a twelve month low of $1.33 and a twelve month high of $2.55.
Institutional Investors Weigh In On Profire Energy
Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in shares of Profire Energy in the 3rd quarter valued at approximately $46,000. Jane Street Group LLC lifted its stake 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. Perritt Capital Management Inc lifted its stake in shares of 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 valued at $477,000 after purchasing an additional 14,720 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake 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 lifted its stake 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. 38.51% of the stock is currently owned by hedge funds and other institutional investors.
Profire Energy Company Profile
(
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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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