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

Analysts at StockNews.com assumed coverage on shares of Profire Energy (NASDAQ:PFIE) in a report released on Monday. The brokerage 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 report on Wednesday, October 30th.

Profire Energy Trading Up 0.4 %

Shares of NASDAQ PFIE opened at $2.53 on Monday. Profire Energy has a 12-month low of $1.33 and a 12-month high of $2.55. The firm has a market capitalization of $116.89 million, a price-to-earnings ratio of 14.06 and a beta of 0.45. The firm has a 50 day moving average of $2.11 and a 200 day moving average of $1.75.

Hedge Funds Weigh In On Profire Energy

Several large investors have recently made changes to their positions in the business. Advisor Resource Council purchased a new position in Profire Energy in the 2nd quarter worth approximately $38,000. Williams & Novak LLC purchased a new position in shares of Profire Energy in the second quarter worth $46,000. Virtu Financial LLC bought a new position in shares of Profire Energy during the third quarter worth $46,000. Jane Street Group LLC boosted 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 acquiring an additional 38,230 shares during the last quarter. Finally, Perritt Capital Management Inc grew its stake in Profire Energy by 4.6% during 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 hedge funds and other institutional investors.

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.