Profire Energy (NASDAQ:PFIE) Now Covered by StockNews.com

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

Profire Energy Stock Performance

Shares of PFIE opened at $1.13 on Monday. The stock has a 50 day moving average price of $1.20 and a two-hundred day moving average price of $1.12. Profire Energy has a 52 week low of $0.85 and a 52 week high of $1.57. The firm has a market capitalization of $53.51 million, a P/E ratio of 14.13 and a beta of 0.97.

Profire Energy (NASDAQ:PFIE – Get Rating) last released its quarterly earnings results on Wednesday, March 8th. The oil and gas company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Profire Energy had a net margin of 8.59% and a return on equity of 8.81%. The company had revenue of $13.97 million for the quarter, compared to analyst estimates of $12.54 million. On average, equities analysts forecast that Profire Energy will post 0.09 earnings per share for the current year.

Hedge Funds Weigh In On Profire Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Everett Harris & Co. CA raised its holdings in shares of Profire Energy by 4.4% in the 1st quarter. Everett Harris & Co. CA now owns 1,400,333 shares of the oil and gas company’s stock valued at $1,736,000 after acquiring an additional 59,620 shares in the last quarter. AWM Investment Company Inc. boosted its holdings in Profire Energy by 3.6% during the 4th quarter. AWM Investment Company Inc. now owns 2,078,575 shares of the oil and gas company’s stock valued at $2,183,000 after acquiring an additional 71,330 shares during the period. Cetera Investment Advisers bought a new position in Profire Energy during the 4th quarter worth approximately $47,000. Wells Fargo & Company MN increased its stake in Profire Energy by 11.9% in the 4th quarter. Wells Fargo & Company MN now owns 1,548,578 shares of the oil and gas company’s stock worth $1,641,000 after purchasing an additional 164,851 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Profire Energy by 2.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,577,235 shares of the oil and gas company’s stock valued at $1,672,000 after purchasing an additional 32,740 shares during the last quarter. 45.32% of the stock is owned by institutional investors.

About Profire Energy

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Profire Energy, Inc engages in the manufacture of industrial combustion appliances. Its product categories include burner management, combustion control, waste management, fuel and gas train management, stands, pilots, burners, chemical management, flame arrestors, combustion equipment, accessories and components, and legacy.