Profire Energy (NASDAQ:PFIE) Downgraded by to Hold

Profire Energy (NASDAQ:PFIEGet Free Report) was downgraded by equities research analysts at from a “buy” rating to a “hold” rating in a research report issued on Friday.

Profire Energy Trading Down 1.9 %

Shares of NASDAQ PFIE traded down $0.03 during trading hours on Friday, reaching $1.54. The stock had a trading volume of 108,039 shares, compared to its average volume of 204,842. Profire Energy has a 52-week low of $1.18 and a 52-week high of $3.29. The firm has a market cap of $72.53 million, a price-to-earnings ratio of 7.70 and a beta of 0.55. The business’s fifty day moving average price is $1.73 and its two-hundred day moving average price is $1.65.

Profire Energy (NASDAQ:PFIEGet Free Report) last issued its earnings results on Wednesday, May 8th. The oil and gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $13.64 million during the quarter, compared to analysts’ expectations of $14.10 million. Profire Energy had a return on equity of 17.27% and a net margin of 16.79%. Equities research analysts anticipate that Profire Energy will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Profire Energy

A number of hedge funds and other institutional investors have recently modified their holdings of PFIE. Commonwealth Equity Services LLC purchased a new stake in Profire Energy during the third quarter worth $33,000. Barclays PLC purchased a new stake in shares of Profire Energy during the 3rd quarter worth $131,000. Navellier & Associates Inc. bought a new stake in Profire Energy during the third quarter valued at about $844,000. Acadian Asset Management LLC grew its stake in Profire Energy by 21.0% in the third quarter. Acadian Asset Management LLC now owns 141,009 shares of the oil and gas company’s stock valued at $390,000 after purchasing an additional 24,510 shares during the last quarter. Finally, EAM Investors LLC bought a new position in Profire Energy in the third quarter worth about $1,752,000. 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.

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