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

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

Profire Energy Stock Performance

PFIE stock opened at $1.17 on Monday. The business has a fifty day simple moving average of $1.30 and a 200-day simple moving average of $1.27. Profire Energy has a 52 week low of $0.88 and a 52 week high of $1.59.

Profire Energy (NASDAQ:PFIEGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The oil and gas company reported $0.01 EPS for the quarter. The company had revenue of $9.50 million during the quarter, compared to analyst estimates of $8.03 million. Profire Energy had a return on equity of 0.40% and a net margin of 0.58%. During the same period in the prior year, the firm posted ($0.01) earnings per share. Research analysts expect that Profire Energy will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Profire Energy

Several hedge funds and other institutional investors have recently made changes to their positions in PFIE. Acadian Asset Management LLC increased its holdings in Profire Energy by 106.6% in the 1st 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 in the last quarter. Essex Investment Management Co. LLC acquired a new stake in Profire Energy during the 4th quarter valued at $486,000. Ancora Advisors LLC grew its stake in shares of Profire Energy by 20.5% during the first quarter. Ancora Advisors LLC now owns 648,040 shares of the oil and gas company’s stock valued at $712,000 after acquiring an additional 110,030 shares in the last quarter. King Luther Capital Management Corp acquired a new stake in Profire Energy during the 4th quarter valued at approximately $967,000. Finally, Everett Harris & Co. CA increased its holdings in Profire Energy by 28.5% during the 4th quarter. Everett Harris & Co. CA now owns 945,398 shares of the oil and gas company’s stock worth $1,002,000 after purchasing an additional 209,468 shares during the last quarter. Institutional investors and hedge funds own 40.38% of the company’s stock.

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.

Featured Stories

Want More Great Investing Ideas?

Receive News & Ratings for Profire Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Profire Energy and related companies with MarketBeat.com's FREE daily email newsletter.