Profire Energy (NASDAQ:PFIE) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Profire Energy (NASDAQ:PFIE) in a research note issued on Saturday. The firm set a “buy” rating on the oil and gas company’s stock.

Separately, Lake Street Capital reaffirmed 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 Price Performance

Shares of NASDAQ PFIE opened at $2.54 on Friday. The firm has a fifty day simple moving average of $2.53 and a 200 day simple moving average of $1.95. Profire Energy has a twelve month low of $1.33 and a twelve month high of $2.56. The company has a market capitalization of $117.35 million, a PE ratio of 14.11 and a beta of 0.45.

Institutional Investors Weigh In On Profire Energy

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in shares of Profire Energy in the third quarter valued at about $46,000. Jane Street Group LLC lifted its position 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 worth $82,000 after buying an additional 38,230 shares in the last quarter. Royce & Associates LP grew its holdings 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 acquiring an additional 20,000 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its stake in shares of Profire Energy by 5.6% during the 2nd 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 purchasing an additional 91,941 shares during the period. Institutional investors own 38.51% of the company’s stock.

Profire Energy Company Profile

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.