Profire Energy (NASDAQ:PFIE) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Profire Energy (NASDAQ:PFIE) from a hold rating to a buy rating in a research note released on Wednesday.

Profire Energy Trading Down 1.9 %

NASDAQ PFIE opened at $1.58 on Wednesday. The firm has a market capitalization of $74.42 million, a P/E ratio of 7.90 and a beta of 0.50. The business has a fifty day simple moving average of $1.51 and a 200 day simple moving average of $1.59. Profire Energy has a 12 month low of $1.28 and a 12 month high of $3.29.

Profire Energy (NASDAQ:PFIE) last announced its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $13.64 million during 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%. As a group, sell-side analysts predict that Profire Energy will post 0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Advisor Resource Council bought a new position in Profire Energy in the 2nd quarter valued at $38,000. Williams & Novak LLC bought a new position in shares of Profire Energy during the 2nd quarter worth $46,000. Ritholtz Wealth Management grew its stake in shares of Profire Energy by 343.4% during the 4th quarter. Ritholtz Wealth Management now owns 57,433 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 44,479 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of Profire Energy by 16.1% during the 1st 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 position in shares of Profire Energy during the 4th quarter worth $690,000. Institutional investors own 38.51% of the company’s stock.

About Profire Energy

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.