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

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

Separately, Lake Street Capital reissued a “hold” rating and set a $2.55 target price on shares of Profire Energy in a research note on Wednesday, October 30th.

Profire Energy Price Performance

NASDAQ:PFIE opened at $2.52 on Friday. Profire Energy has a 52 week low of $1.33 and a 52 week high of $2.52. The stock’s fifty day moving average is $1.87 and its two-hundred day moving average is $1.67. The stock has a market capitalization of $116.42 million, a price-to-earnings ratio of 13.97 and a beta of 0.43.

Institutional Trading of Profire Energy

Several hedge funds have recently modified their holdings of the stock. Advisor Resource Council acquired a new position in Profire Energy during the 2nd quarter worth $38,000. Williams & Novak LLC purchased a new position in shares of Profire Energy in the 2nd quarter valued at about $46,000. Jane Street Group LLC grew its position in shares of 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 buying an additional 38,230 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Profire Energy by 16.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 175,795 shares of the oil and gas company’s stock worth $325,000 after buying an additional 24,376 shares during the period. Finally, Perritt Capital Management Inc raised its holdings in Profire Energy by 4.6% in the second quarter. Perritt Capital Management Inc now owns 335,800 shares of the oil and gas company’s stock valued at $477,000 after acquiring an additional 14,720 shares in the last quarter. 38.51% of the stock is currently owned by institutional investors and hedge funds.

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.