StockNews.com Begins Coverage on Profire Energy (NASDAQ:PFIE)

StockNews.com assumed coverage on shares of Profire Energy (NASDAQ:PFIEFree Report) in a research report released on Monday morning. The firm issued a buy rating on the oil and gas company’s stock.

Separately, Lake Street Capital restated a “hold” rating and issued a $2.55 price objective 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 NASDAQ PFIE opened at $2.54 on Monday. The firm has a market capitalization of $117.35 million, a price-to-earnings ratio of 14.11 and a beta of 0.45. Profire Energy has a one year low of $1.33 and a one year high of $2.56. The business has a fifty day simple moving average of $2.53 and a 200 day simple moving average of $2.04.

Institutional Investors Weigh In On Profire Energy

Several large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of Profire Energy during the 3rd quarter worth approximately $46,000. Jane Street Group LLC raised its stake 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 acquiring an additional 38,230 shares in the last quarter. Trium Capital LLP bought a new position in shares of Profire Energy during the fourth quarter valued at $2,296,000. Finally, Royce & Associates LP boosted 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 in the last quarter. 38.51% of the stock is currently owned by institutional investors.

Profire Energy Company Profile

(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.

See Also

Receive News & Ratings for Profire Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Profire Energy and related companies with MarketBeat.com's FREE daily email newsletter.