Shares of Profire Energy, Inc. (NASDAQ:PFIE) traded up 5.2% on Tuesday . The company traded as high as $1.62 and last traded at $1.62, 121,100 shares were traded during trading. A decline of 27% from the average session volume of 166,222 shares. The stock had previously closed at $1.54.

Several equities analysts recently issued reports on the company. ValuEngine cut Profire Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 8th. Aegis began coverage on shares of Profire Energy in a research report on Monday, July 8th. They set a “buy” rating and a $4.00 target price on the stock. TheStreet lowered shares of Profire Energy from a “b-” rating to a “c+” rating in a research note on Tuesday, May 21st. Finally, Chardan Capital reiterated a “hold” rating on shares of Profire Energy in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Profire Energy has an average rating of “Hold” and an average target price of $3.92.

The firm’s 50-day simple moving average is $1.42 and its 200 day simple moving average is $1.58. The company has a market cap of $78.17 million, a P/E ratio of 13.50 and a beta of 1.61.

Profire Energy (NASDAQ:PFIE) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). Profire Energy had a return on equity of 11.17% and a net margin of 11.95%. The company had revenue of $10.12 million during the quarter, compared to the consensus estimate of $11.05 million. As a group, equities research analysts forecast that Profire Energy, Inc. will post 0.14 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in PFIE. Geode Capital Management LLC grew its position in shares of Profire Energy by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 309,857 shares of the oil and gas company’s stock worth $449,000 after buying an additional 9,050 shares during the period. Deutsche Bank AG grew its holdings in Profire Energy by 397.3% during the fourth quarter. Deutsche Bank AG now owns 240,586 shares of the oil and gas company’s stock valued at $348,000 after purchasing an additional 192,211 shares during the period. Wedge Capital Management L L P NC grew its holdings in Profire Energy by 21.3% during the first quarter. Wedge Capital Management L L P NC now owns 454,379 shares of the oil and gas company’s stock valued at $813,000 after purchasing an additional 79,680 shares during the period. Penn Capital Management Co. Inc. increased its stake in Profire Energy by 5.5% in the first quarter. Penn Capital Management Co. Inc. now owns 211,643 shares of the oil and gas company’s stock valued at $379,000 after purchasing an additional 11,001 shares in the last quarter. Finally, Cadence Capital Management LLC increased its stake in Profire Energy by 1.8% in the first quarter. Cadence Capital Management LLC now owns 720,322 shares of the oil and gas company’s stock valued at $1,289,000 after purchasing an additional 12,880 shares in the last quarter. 41.21% of the stock is currently owned by hedge funds and other institutional investors.

Profire Energy Company Profile (NASDAQ:PFIE)

Profire Energy, Inc, an oilfield technology company, provides burner- and chemical-management products and services for the oil and gas industry in North America. It assists energy production companies in the production and transportation of oil and natural gas. Its products include PF3100, a burner-management system, which is designed to operate, monitor, control, and manage various complex and multi-faceted oilfield appliances; safety and monitoring devices, such as shut-down and temperature valves, pressure transmitters and switches, burners, pilots, and other combustion related equipment; and chemical-management systems to monitor and manage chemical-injection process to ensure that optimal levels of chemicals are injected.

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