Profire Energy, Inc. (NASDAQ:PFIE - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.81 and traded as high as $2.55. Profire Energy shares last traded at $2.53, with a volume of 153,103 shares changing hands.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Profire Energy in a report on Wednesday. They issued a "buy" rating on the stock. Lake Street Capital reiterated a "hold" rating and issued a $2.55 price objective on shares of Profire Energy in a research note on Wednesday, October 30th.
Check Out Our Latest Stock Report on PFIE
Profire Energy Stock Performance
The firm has a market cap of $116.89 million, a PE ratio of 14.06 and a beta of 0.45. The stock has a 50 day simple moving average of $2.29 and a two-hundred day simple moving average of $1.82.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of Profire Energy in the third quarter worth about $46,000. Jane Street Group LLC boosted its position 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 in the last quarter. Perritt Capital Management Inc boosted its position in Profire Energy by 4.6% during the second quarter. Perritt Capital Management Inc now owns 335,800 shares of the oil and gas company's stock worth $477,000 after purchasing an additional 14,720 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in Profire Energy by 5.6% in 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. Finally, Royce & Associates LP increased its position in shares of Profire Energy by 1.0% in 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 buying an additional 20,000 shares in the last quarter. 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.
Further Reading
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