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 note issued to investors on Monday morning. The brokerage issued a hold rating on the oil and gas company’s stock.

Profire Energy Trading Up 1.4 %

Shares of PFIE opened at $1.04 on Monday. The company has a market capitalization of $49.14 million, a PE ratio of 26.12 and a beta of 0.92. Profire Energy has a 12 month low of $0.85 and a 12 month high of $1.59. The stock’s 50-day moving average price is $0.98 and its two-hundred day moving average price is $1.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in Profire Energy during the 3rd quarter worth about $29,000. Prudential Financial Inc. acquired a new position in Profire Energy during the 2nd quarter worth about $36,000. Millennium Management LLC lifted its holdings in Profire Energy by 84.1% during the 2nd quarter. Millennium Management LLC now owns 70,468 shares of the oil and gas company’s stock worth $101,000 after buying an additional 32,185 shares during the period. Acadian Asset Management LLC lifted its holdings in Profire Energy by 106.6% during the 1st quarter. Acadian Asset Management LLC now owns 135,460 shares of the oil and gas company’s stock worth $175,000 after buying an additional 69,884 shares during the period. Finally, Essex Investment Management Co. LLC lifted its stake in shares of Profire Energy by 2.5% in the 1st 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 period. 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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