Equities researchers at StockNews.com began coverage on shares of Profire Energy (NASDAQ:PFIE - Get Free Report) in a research report issued on Thursday. The firm set 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 target on shares of Profire Energy in a research note on Wednesday, October 30th.
Check Out Our Latest Analysis on PFIE
Profire Energy Trading Up 0.4 %
Shares of Profire Energy stock traded up $0.01 during trading hours on Thursday, hitting $2.55. 1,193,849 shares of the company were exchanged, compared to its average volume of 355,350. The business has a 50-day moving average of $2.41 and a 200-day moving average of $1.87. Profire Energy has a 1 year low of $1.33 and a 1 year high of $2.55. The stock has a market capitalization of $117.81 million, a price-to-earnings ratio of 14.17 and a beta of 0.45.
Institutional Investors Weigh In On Profire Energy
Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Profire Energy during the third quarter worth about $46,000. 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 valued at $82,000 after acquiring an additional 38,230 shares during the last quarter. Royce & Associates LP increased its holdings in Profire Energy by 1.0% during 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 acquiring an additional 20,000 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its position in 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 worth $2,470,000 after acquiring an additional 91,941 shares during the last quarter. Finally, Perritt Capital Management Inc raised 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 acquiring an additional 14,720 shares during the last quarter. Institutional investors and hedge funds own 38.51% of the company's stock.
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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