Sentiment Report: Profire Energy Inc (NASDAQ:PFIE)

June 17, 2018 - By Linda Rogers

Profire Energy, Inc. (NASDAQ:PFIE) Logo

Sentiment for Profire Energy Inc (NASDAQ:PFIE)

Profire Energy Inc (NASDAQ:PFIE) institutional sentiment decreased to 2 in Q1 2018. Its down -0.29, from 2.29 in 2017Q4. The ratio dropped, as 26 funds increased or opened new equity positions, while 13 sold and decreased their stakes in Profire Energy Inc. The funds in our partner’s database now possess: 11.26 million shares, up from 9.94 million shares in 2017Q4. Also, the number of funds holding Profire Energy Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 10 Increased: 9 New Position: 17.

Profire Energy, Inc., an oilfield technology company, provides burner- and chemical-management services and products for the gas and oil industry primarily in the United States and Canadian markets. The company has market cap of $230.56 million. It assists energy production companies in the production and transportation of oil and natural gas. It has a 53.44 P/E ratio. The firm offers burner-management systems to ignite, monitor, and manage the burner flames used in oilfield vessels, as well as complementary oilfield products, such as valves and fuel trains, airplates, solar packages, and flare stack igniter and nozzles.

The stock decreased 0.21% or $0.01 during the last trading session, reaching $4.81. About 648,388 shares traded or 51.94% up from the average. Profire Energy, Inc. (NASDAQ:PFIE) has risen 209.09% since June 17, 2017 and is uptrending. It has outperformed by 196.52% the S&P500.

Perkins Capital Management Inc holds 1.39% of its portfolio in Profire Energy, Inc. for 564,381 shares. Pacific Ridge Capital Partners Llc owns 1.39 million shares or 1.01% of their US portfolio. Moreover, Perritt Capital Management Inc has 0.5% invested in the company for 400,000 shares. The Massachusetts-based Essex Investment Management Co Llc has invested 0.17% in the stock. Granahan Investment Management Inc Ma, a Massachusetts-based fund reported 600,051 shares.

Profire Energy, Inc. (NASDAQ:PFIE) Ratings Coverage

Ratings analysis reveals 100% of Profire Energy’s analysts are positive. Out of 3 Wall Street analysts rating Profire Energy, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $2.3 while the high is $700. The stock’s average target of $5.33 is 10.81% above today’s ($4.81) share price. PFIE was included in 4 notes of analysts from March 2, 2018. The rating was initiated by Roth Capital on Friday, March 2 with “Buy”. Roth Capital maintained it with “Buy” rating and $500 target in Friday, May 18 report. The rating was initiated by Maxim Group on Wednesday, May 30 with “Buy”.

More news for Profire Energy, Inc. (NASDAQ:PFIE) were recently published by: Nasdaq.com, which released: “Mid-Day Market Update: EDAP Rises Following FDA Clearance Of Focal One Device; MicroVision Shares Plunge” on June 08, 2018. Globenewswire.com‘s article titled: “Profire Energy, Inc. Set to Join Russell 3000® Index” and published on June 11, 2018 is yet another important article.

Profire Energy, Inc. (NASDAQ:PFIE) Institutional Positions Chart

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