Profire Energy (NASDAQ:PFIE) Raised to “Buy” at StockNews.com

Profire Energy (NASDAQ:PFIE) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Profire Energy Trading Up 0.6 %

PFIE stock traded up $0.01 during midday trading on Wednesday, hitting $1.61. The company had a trading volume of 88,933 shares, compared to its average volume of 203,391. The stock has a market cap of $75.83 million, a price-to-earnings ratio of 8.05 and a beta of 0.50. Profire Energy has a 52 week low of $1.28 and a 52 week high of $3.29. The stock’s 50 day moving average price is $1.50 and its 200 day moving average price is $1.59.

Profire Energy (NASDAQ:PFIE) last posted its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $13.64 million for the quarter, compared to the consensus estimate of $14.10 million. Profire Energy had a net margin of 16.79% and a return on equity of 17.27%. Analysts predict that Profire Energy will post 0.13 earnings per share for the current year.

Institutional Trading of Profire Energy

Large investors have recently modified their holdings of the business. Advisor Resource Council purchased a new stake in Profire Energy in the 2nd quarter worth approximately $38,000. Williams & Novak LLC purchased a new position in shares of Profire Energy during the second quarter valued at approximately $46,000. Ritholtz Wealth Management raised its holdings in shares of Profire Energy by 343.4% during the fourth quarter. Ritholtz Wealth Management now owns 57,433 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 44,479 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Profire Energy by 16.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 175,795 shares of the oil and gas company’s stock worth $325,000 after acquiring an additional 24,376 shares during the period. Finally, AMH Equity Ltd bought a new stake in Profire Energy in the fourth quarter valued at $690,000. 38.51% of the stock is owned by institutional investors.

Profire Energy Company Profile

Profire Energy, Inc, a technology company, engages in the engineering and design of 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.