StockNews.com Initiates Coverage on Profire Energy (NASDAQ:PFIE)

Equities research analysts at StockNews.com initiated coverage on shares of Profire Energy (NASDAQ:PFIEGet Rating) in a research report issued on Monday. The firm set a “hold” rating on the oil and gas company’s stock.

Profire Energy Stock Up 1.0 %

Shares of PFIE stock opened at $1.05 on Monday. The stock has a 50-day simple moving average of $0.98 and a 200 day simple moving average of $1.17. Profire Energy has a fifty-two week low of $0.85 and a fifty-two week high of $1.59. The stock has a market capitalization of $49.39 million, a P/E ratio of 26.26 and a beta of 0.92.

Institutional Investors Weigh In On Profire Energy

Several hedge funds have recently modified their holdings of PFIE. AWM Investment Company Inc. lifted its holdings in shares of Profire Energy by 116.0% during the second quarter. AWM Investment Company Inc. now owns 1,343,897 shares of the oil and gas company’s stock valued at $1,935,000 after purchasing an additional 721,772 shares during the last quarter. King Luther Capital Management Corp lifted its stake in Profire Energy by 40.7% in the 1st quarter. King Luther Capital Management Corp now owns 1,283,025 shares of the oil and gas company’s stock worth $1,668,000 after acquiring an additional 371,015 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Profire Energy by 9.1% in the 1st quarter. Victory Capital Management Inc. now owns 2,484,197 shares of the oil and gas company’s stock worth $3,229,000 after acquiring an additional 208,057 shares in the last quarter. Essex Investment Management Co. LLC lifted its stake in Profire Energy by 39.2% in the 2nd quarter. Essex Investment Management Co. LLC now owns 654,179 shares of the oil and gas company’s stock worth $942,000 after acquiring an additional 184,195 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Profire Energy by 12.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,649,395 shares of the oil and gas company’s stock worth $2,375,000 after acquiring an additional 181,900 shares in the last quarter. 44.21% of the stock is owned by hedge funds and other institutional investors.

Profire Energy Company Profile

(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

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.