Profire Energy (NASDAQ:PFIE) Earns Buy Rating from Analysts at StockNews.com

Posted by Caroline Horne on Jan 29th, 2025

StockNews.com began coverage on shares of Profire Energy (NASDAQ:PFIE – Get Free Report) in a research note issued to investors on Monday. The firm set a “buy” rating on the oil and gas company’s stock.

Separately, Lake Street Capital reiterated a “hold” rating and issued a $2.55 price objective on shares of Profire Energy in a report on Wednesday, October 30th.

Get Our Latest Stock Report on PFIE

Profire Energy Stock Performance

NASDAQ:PFIE opened at $2.54 on Monday. The stock’s 50 day moving average price is $2.54 and its 200 day moving average price is $2.05. Profire Energy has a 52 week low of $1.33 and a 52 week high of $2.56. The company has a market capitalization of $117.35 million, a P/E ratio of 14.11 and a beta of 0.45.

Institutional Investors Weigh In On Profire Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its holdings in Profire Energy by 359.3% during the third quarter. Jane Street Group LLC now owns 48,870 shares of the oil and gas company’s stock valued at $82,000 after purchasing an additional 38,230 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Profire Energy during the 3rd quarter worth $46,000. Trium Capital LLP acquired a new position in Profire Energy in the 4th quarter valued at $2,296,000. Finally, Royce & Associates LP raised its holdings in Profire Energy by 1.0% in the 3rd quarter. Royce & Associates LP now owns 2,032,361 shares of the oil and gas company’s stock worth $3,414,000 after acquiring an additional 20,000 shares during the period. 38.51% of the stock is currently owned by institutional investors and hedge funds.

Profire Energy Company Profile

(Get Free Report)

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.