According to Zacks, “Profire Energy, Inc. manufactures, installs and services oilfield combustion management systems and related burner products. The Company’s products aid oil and natural gas producers in the safe and efficient development and transportation of carbon-based fuels. Its products include Profire 2100 and the Profire 1100, Profire 1100i and fuel-trains or valve-trains, which comprise piping, valves, and controls related to the process of providing fuel to burners, as well as having safety controllers to monitor operations. Profire Energy, Inc. is based in Lindon, Utah. “
Shares of Profire Energy (NASDAQ:PFIE) opened at 1.30 on Wednesday. The stock’s 50 day moving average price is $1.22 and its 200-day moving average price is $1.10. Profire Energy has a 12-month low of $0.65 and a 12-month high of $1.43. The firm’s market capitalization is $69.32 million.
Profire Energy (NASDAQ:PFIE) last issued its earnings results on Wednesday, August 10th. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. Profire Energy had a negative return on equity of 0.25% and a negative net margin of 0.47%. On average, equities analysts expect that Profire Energy will post ($0.01) EPS for the current year.
A number of hedge funds have recently modified their holdings of the company. Perkins Capital Management Inc. acquired a new stake in shares of Profire Energy during the second quarter worth $309,000. Northpointe Capital LLC boosted its stake in shares of Profire Energy by 2.3% in the second quarter. Northpointe Capital LLC now owns 1,883,818 shares of the company’s stock worth $2,091,000 after buying an additional 42,060 shares during the last quarter. Societe Generale acquired a new stake in shares of Profire Energy during the second quarter worth $166,000. Royce & Associates LP boosted its stake in shares of Profire Energy by 5.5% in the second quarter. Royce & Associates LP now owns 2,904,392 shares of the company’s stock worth $3,224,000 after buying an additional 152,351 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of Profire Energy by 14.4% in the second quarter. Wolverine Asset Management LLC now owns 345,282 shares of the company’s stock worth $383,000 after buying an additional 43,411 shares during the last quarter. Hedge funds and other institutional investors own 15.86% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Profire Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Profire Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.