Profire Energy, Inc. (NASDAQ:PFIE) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 1,033,100 shares, a decline of 13.9% from the May 30th total of 1,199,800 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily volume of 168,100 shares, the short-interest ratio is presently 6.1 days.
Institutional investors have recently bought and sold shares of the company. Quantum Capital Management purchased a new stake in shares of Profire Energy during the first quarter worth $93,000. Pacific Ridge Capital Partners LLC increased its position in shares of Profire Energy by 59.2% during the first quarter. Pacific Ridge Capital Partners LLC now owns 795,647 shares of the oil and gas company’s stock worth $1,424,000 after acquiring an additional 295,807 shares during the period. Rhumbline Advisers increased its holdings in Profire Energy by 53.4% in the fourth quarter. Rhumbline Advisers now owns 27,755 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 9,660 shares during the last quarter. FMR LLC increased its holdings in Profire Energy by 69.8% in the fourth quarter. FMR LLC now owns 1,577,898 shares of the oil and gas company’s stock valued at $2,288,000 after buying an additional 648,559 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Profire Energy by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 309,857 shares of the oil and gas company’s stock valued at $449,000 after buying an additional 9,050 shares during the last quarter. 46.06% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:PFIE traded down $0.01 during trading hours on Monday, reaching $1.41. 819 shares of the stock were exchanged, compared to its average volume of 91,463. The stock has a 50-day simple moving average of $1.50. Profire Energy has a twelve month low of $1.30 and a twelve month high of $3.74. The stock has a market cap of $65.76 million, a P/E ratio of 11.67 and a beta of 1.87.
Profire Energy (NASDAQ:PFIE) last posted its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Profire Energy had a return on equity of 13.03% and a net margin of 13.26%. The company had revenue of $10.83 million for the quarter, compared to analysts’ expectations of $11.23 million. Equities analysts expect that Profire Energy will post 0.14 earnings per share for the current year.
Several research analysts have recently weighed in on PFIE shares. Chardan Capital set a $25.00 target price on Tocagen and gave the stock a “buy” rating in a report on Tuesday, May 14th. Aegis began coverage on Profire Energy in a report on Monday, July 8th. They issued a “buy” rating and a $4.00 price objective on the stock. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, TheStreet cut Unit from a “c-” rating to a “d+” rating in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $4.19.
Profire Energy Company Profile
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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