What’s Next for Profire Energy, Inc. (PFIE) After Touching 52-Week High?

April 16, 2018 - By Michael Collier

Profire Energy, Inc. (NASDAQ:PFIE) Logo

Investors sentiment increased to 2.29 in 2017 Q4. Its up 1.02, from 1.27 in 2017Q3. It is positive, as 3 investors sold Profire Energy, Inc. shares while 4 reduced holdings. 6 funds opened positions while 10 raised stakes. 9.94 million shares or 1.62% more from 9.78 million shares in 2017Q3 were reported.
Acadian Asset Management Ltd Liability Corporation reported 14,945 shares stake. Spark Inv Management Lc invested in 37,700 shares or 0% of the stock. Mai Capital Mgmt has invested 0% in Profire Energy, Inc. (NASDAQ:PFIE). Rmb Cap accumulated 30,900 shares or 0% of the stock. Perritt Capital invested in 500,000 shares or 0.27% of the stock. Perkins Management Inc holds 1.05% or 569,481 shares in its portfolio. Northern Trust invested in 37,452 shares or 0% of the stock. Pnc Fincl Serv holds 0% of its portfolio in Profire Energy, Inc. (NASDAQ:PFIE) for 25,000 shares. Renaissance holds 0% in Profire Energy, Inc. (NASDAQ:PFIE) or 681,800 shares. 13,500 were reported by Private Advisor Limited Liability Co. Royal Fincl Bank Of Canada stated it has 21 shares. Wolverine Asset Management Limited Company has 0% invested in Profire Energy, Inc. (NASDAQ:PFIE). Thompson Davis & Company holds 0% of its portfolio in Profire Energy, Inc. (NASDAQ:PFIE) for 36 shares. Macquarie Grp Ltd stated it has 102,704 shares or 0% of all its holdings. Deutsche Bancshares Ag owns 118,352 shares.

The stock of Profire Energy, Inc. (NASDAQ:PFIE) hit a new 52-week high and has $3.46 target or 6.00 % above today’s $3.26 share price. The 5 months bullish chart indicates low risk for the $159.19 million company. The 1-year high was reported on Apr, 16 by Barchart.com. If the $3.46 price target is reached, the company will be worth $9.55M 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 0.31% or $0.01 during the last trading session, reaching $3.26. About 61,442 shares traded. Profire Energy, Inc. (NASDAQ:PFIE) has risen 99.29% since April 16, 2017 and is uptrending. It has outperformed by 87.74% 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 $976,613 for 40.75 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 3 analysts covering Profire Energy (NASDAQ:PFIE), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Profire Energy had 4 analyst reports since November 5, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Friday, November 10 by Chardan Capital Markets. As per Friday, March 2, the company rating was initiated by Roth Capital. As per Sunday, November 5, the company rating was maintained by Roth Capital.

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 $159.19 million. It assists energy production companies in the production and transportation of oil and natural gas. It has a 36.22 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.

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

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