Profire Energy, Inc. (NASDAQ:PFIE) rose 4.6% on Thursday . The company traded as high as $4.09 and last traded at $3.76. Approximately 245,681 shares were traded during trading, an increase of 53% from the average daily volume of 160,485 shares. The stock had previously closed at $3.94.

PFIE has been the topic of a number of research analyst reports. ValuEngine raised shares of Profire Energy from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research raised shares of Profire Energy from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Roth Capital initiated coverage on shares of Profire Energy in a report on Friday, March 2nd. They set a “buy” rating and a $2.00 price objective on the stock.

The stock has a market cap of $192.39, a PE ratio of 38.89 and a beta of 1.65.

Profire Energy (NASDAQ:PFIE) last posted its earnings results on Wednesday, March 7th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $10.95 million during the quarter, compared to the consensus estimate of $8.54 million. Profire Energy had a net margin of 11.62% and a return on equity of 10.43%. analysts anticipate that Profire Energy, Inc. will post 0.11 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC lifted its position in Profire Energy by 16.9% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,369,885 shares of the oil and gas company’s stock valued at $2,630,000 after purchasing an additional 197,890 shares during the period. Renaissance Technologies LLC lifted its position in Profire Energy by 21.0% during the fourth quarter. Renaissance Technologies LLC now owns 681,800 shares of the oil and gas company’s stock valued at $1,309,000 after purchasing an additional 118,465 shares during the period. Perkins Capital Management Inc. lifted its position in Profire Energy by 8.2% during the fourth quarter. Perkins Capital Management Inc. now owns 569,481 shares of the oil and gas company’s stock valued at $1,093,000 after purchasing an additional 43,000 shares during the period. Nationwide Fund Advisors acquired a new position in Profire Energy during the third quarter valued at $279,000. Finally, Bailard Inc. acquired a new position in Profire Energy during the fourth quarter valued at $149,000. Institutional investors own 20.47% of the company’s stock.

About Profire Energy

Profire Energy, Inc is an oilfield technology company. The Company is primarily engaged in the business of developing combustion management technologies for the oil and gas industry. It specializes in the creation of burner-management systems, used on a range of oilfield natural-draft fire tube vessels.

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