Profire Energy (NASDAQ:PFIE) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Profire Energy (NASDAQ:PFIE – Get Rating) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the oil and gas company’s stock.

Separately, Roth Capital raised Profire Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, May 10th.

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Profire Energy Stock Down 1.6 %

PFIE stock opened at $1.22 on Friday. The firm has a market capitalization of $57.77 million, a PE ratio of 10.17 and a beta of 0.94. Profire Energy has a twelve month low of $0.85 and a twelve month high of $1.45. The stock has a 50-day simple moving average of $1.24 and a two-hundred day simple moving average of $1.18.

Profire Energy (NASDAQ:PFIE – Get Rating) last posted its earnings results on Tuesday, May 9th. The oil and gas company reported $0.05 earnings per share for the quarter. The business had revenue of $14.55 million during the quarter. Profire Energy had a return on equity of 12.82% and a net margin of 11.59%. On average, equities research analysts anticipate that Profire Energy will post 0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Prudential Financial Inc. purchased a new position in shares of Profire Energy during the second quarter worth about $36,000. Two Sigma Securities LLC purchased a new position in shares of Profire Energy during the first quarter worth about $32,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Profire Energy during the first quarter worth about $34,000. Millennium Management LLC grew its holdings in shares of Profire Energy by 84.1% during the second quarter. Millennium Management LLC now owns 70,468 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 32,185 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Profire Energy by 2.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,577,235 shares of the oil and gas company’s stock worth $1,672,000 after purchasing an additional 32,740 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company’s stock.

Profire Energy Company Profile

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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. The company also sells and installs its systems in South America, Europe, Africa, the Middle East, and Asia.

Further Reading

• Get a free research report on Profire Energy from StockNews.com
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