Profire Energy (NASDAQ:PFIE) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Profire Energy (NASDAQ:PFIE) in a research note issued on Monday. 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.

Profire Energy Stock Performance

PFIE opened at $2.52 on Monday. The company’s 50 day moving average is $2.07 and its 200 day moving average is $1.73. The company has a market cap of $116.42 million, a price-to-earnings ratio of 14.00 and a beta of 0.43. Profire Energy has a 12-month low of $1.33 and a 12-month high of $2.52.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Advisor Resource Council bought a new stake in Profire Energy during the 2nd quarter worth approximately $38,000. Virtu Financial LLC purchased a new stake in shares of Profire Energy in the third quarter worth $46,000. Williams & Novak LLC bought a new stake in shares of Profire Energy during the 2nd quarter valued at $46,000. Jane Street Group LLC lifted its stake in shares of Profire Energy by 359.3% during 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 buying an additional 38,230 shares in the last quarter. Finally, Perritt Capital Management Inc boosted its holdings in 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 worth $477,000 after buying an additional 14,720 shares during the period. Institutional investors own 38.51% of the company’s stock.

About Profire Energy

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.