Profire Energy (NASDAQ:PFIE) Earns Hold Rating from Analysts at StockNews.com

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

Profire Energy Stock Performance

NASDAQ:PFIE opened at $1.04 on Monday. The stock has a 50-day simple moving average of $0.98 and a 200 day simple moving average of $1.16. Profire Energy has a 52-week low of $0.85 and a 52-week high of $1.59. The company has a market cap of $49.14 million, a PE ratio of 26.12 and a beta of 0.92.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PFIE. Victory Capital Management Inc. boosted its position in Profire Energy by 9.1% during the first quarter. Victory Capital Management Inc. now owns 2,484,197 shares of the oil and gas company’s stock valued at $3,229,000 after purchasing an additional 208,057 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in Profire Energy by 2.5% during the first quarter. Essex Investment Management Co. LLC now owns 469,984 shares of the oil and gas company’s stock valued at $611,000 after purchasing an additional 11,461 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in Profire Energy by 1.0% during the first quarter. Pacific Ridge Capital Partners LLC now owns 1,999,665 shares of the oil and gas company’s stock valued at $2,600,000 after purchasing an additional 20,491 shares during the last quarter. King Luther Capital Management Corp boosted its position in Profire Energy by 40.7% during the first quarter. King Luther Capital Management Corp now owns 1,283,025 shares of the oil and gas company’s stock valued at $1,668,000 after purchasing an additional 371,015 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in Profire Energy by 106.6% during the first quarter. Acadian Asset Management LLC now owns 135,460 shares of the oil and gas company’s stock valued at $175,000 after purchasing an additional 69,884 shares during the last quarter. 44.21% of the stock is owned by institutional investors and hedge funds.

About Profire Energy

(Get Rating)

Profire Energy, Inc, a technology company, provides 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. It also sells and installs its systems in Europe, South America, Africa, the Middle East, and Asia.

Further Reading

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