Today Profire Energy, Inc. (PFIE) Stock Reaches 52-Week High

March 16, 2018 - By Peter Erickson

Investors sentiment decreased to 1.27 in 2017 Q3. Its down 0.29, from 1.56 in 2017Q2. It worsened, as 4 investors sold Profire Energy, Inc. shares while 7 reduced holdings. 9 funds opened positions while 5 raised stakes. 9.78 million shares or 1.90% more from 9.59 million shares in 2017Q2 were reported.
Renaissance Technology Ltd invested in 0% or 563,335 shares. 526,481 are owned by Perkins Cap Mngmt Incorporated. Pnc Fincl Svcs Grp has 25,000 shares for 0% of their portfolio. Thompson Davis And Incorporated owns 36 shares. Blackrock Inc invested 0% in Profire Energy, Inc. (NASDAQ:PFIE). Nationwide Fund Advisors stated it has 140,300 shares or 0% of all its holdings. Wolverine Asset Limited Com has 0.01% invested in Profire Energy, Inc. (NASDAQ:PFIE) for 266,668 shares. California Public Employees Retirement System reported 25,000 shares or 0% of all its holdings. Sg Americas Ltd Liability Corp holds 150,000 shares. Royal Bank Of Canada has invested 0% of its portfolio in Profire Energy, Inc. (NASDAQ:PFIE). Moreover, Geode Capital Mgmt Limited Com has 0% invested in Profire Energy, Inc. (NASDAQ:PFIE). Northern Corp accumulated 37,452 shares. Van Den Berg Mgmt I has invested 0.04% in Profire Energy, Inc. (NASDAQ:PFIE). Vanguard Gp has 541,340 shares. Essex Mgmt Lc reported 0.06% stake.

The stock of Profire Energy, Inc. (NASDAQ:PFIE) hit a new 52-week high and has $3.09 target or 5.00 % above today’s $2.94 share price. The 9 months bullish chart indicates low risk for the $143.56 million company. The 1-year high was reported on Mar, 16 by If the $3.09 price target is reached, the company will be worth $7.18M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.34% or $0.01 during the last trading session, reaching $2.94. About 97,125 shares traded. Profire Energy, Inc. (NASDAQ:PFIE) has risen 50.26% since March 16, 2017 and is uptrending. It has outperformed by 33.56% the S&P500.

Analysts await Profire Energy, Inc. (NASDAQ:PFIE) to report earnings on May, 9. They expect $0.02 earnings per share, up 100.00 % or $0.01 from last year’s $0.01 per share. PFIE’s profit will be $976,612 for 36.75 P/E if the $0.02 EPS becomes a reality. After $0.03 actual earnings per share reported by Profire Energy, Inc. for the previous quarter, Wall Street now forecasts -33.33 % negative EPS growth.

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

Among 4 analysts covering Profire Energy (NASDAQ:PFIE), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Profire Energy has $4.0 highest and $1.75 lowest target. $2.64’s average target is -10.20% below currents $2.94 stock price. Profire Energy had 9 analyst reports since August 22, 2015 according to SRatingsIntel. The rating was initiated by Roth Capital with “Buy” on Friday, March 2. The company was maintained on Friday, November 10 by Chardan Capital Markets. Chardan Capital Markets upgraded it to “Buy” rating and $2 target in Thursday, December 15 report. On Sunday, November 5 the stock rating was maintained by Roth Capital with “Buy”. On Wednesday, January 27 the stock rating was downgraded by Chardan Capital Markets to “Neutral”. The rating was initiated by Roth Capital on Tuesday, December 1 with “Buy”. The firm has “Buy” rating given on Tuesday, December 1 by TH Capital. The stock of Profire Energy, Inc. (NASDAQ:PFIE) earned “Sell” rating by Zacks on Saturday, August 22.

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 $143.56 million. It assists energy production companies in the production and transportation of oil and natural gas. It has a 32.67 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.

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