What’s in Profire Energy, Inc. (PFIE) After Reaching 52-Week High?

March 18, 2018 - By Winifred Garcia

Investors sentiment decreased to 1.27 in 2017 Q3. Its down 0.29, from 1.56 in 2017Q2. It is negative, 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.
Pacific Ridge Capital Prtnrs Ltd Llc accumulated 1.17 million shares. Vanguard Group Inc Inc has 541,340 shares for 0% of their portfolio. Private Advisor Grp Limited Liability Com invested in 86,000 shares or 0% of the stock. Renaissance Technologies Limited Liability Company accumulated 0% or 563,335 shares. 98,500 were accumulated by White Pine Capital Lc. Wolverine Asset Management Limited Liability Com has invested 0.01% in Profire Energy, Inc. (NASDAQ:PFIE). Northern Tru stated it has 0% in Profire Energy, Inc. (NASDAQ:PFIE). Tocqueville Asset Mgmt L P holds 0.04% in Profire Energy, Inc. (NASDAQ:PFIE) or 1.73 million shares. Mai holds 0% of its portfolio in Profire Energy, Inc. (NASDAQ:PFIE) for 25,000 shares. Acadian Asset Mngmt Limited Liability Corporation holds 10,301 shares or 0% of its portfolio. Van Den Berg Management I has invested 0.04% of its portfolio in Profire Energy, Inc. (NASDAQ:PFIE). California Public Employees Retirement invested in 0% or 25,000 shares. 36 were reported by Thompson Davis Communication. Geode Cap Mgmt Lc holds 119,381 shares or 0% of its portfolio. Deutsche Financial Bank Ag holds 0% of its portfolio in Profire Energy, Inc. (NASDAQ:PFIE) for 142,200 shares.

The stock of Profire Energy, Inc. (NASDAQ:PFIE) hit a new 52-week high and has $2.79 target or 7.00 % above today’s $2.61 share price. The 7 months bullish chart indicates low risk for the $127.45M company. The 1-year high was reported on Mar, 18 by Barchart.com. If the $2.79 price target is reached, the company will be worth $8.92 million 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 11.53% or $0.34 during the last trading session, reaching $2.61. About 333,759 shares traded or 183.91% up from the average. Profire Energy, Inc. (NASDAQ:PFIE) has risen 50.26% since March 18, 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 $976,613 for 32.63 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 1.15% above currents $2.61 stock price. Profire Energy had 9 analyst reports since August 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, March 2 by Roth Capital. Zacks upgraded Profire Energy, Inc. (NASDAQ:PFIE) on Saturday, August 22 to “Sell” rating. TH Capital initiated it with “Buy” rating and $1.75 target in Tuesday, December 1 report. Roth Capital initiated the stock with “Buy” rating in Tuesday, December 1 report. The stock of Profire Energy, Inc. (NASDAQ:PFIE) earned “Buy” rating by Roth Capital on Sunday, November 5. The rating was downgraded by Chardan Capital Markets to “Neutral” on Wednesday, January 27. The firm has “Buy” rating by Chardan Capital Markets given on Thursday, December 15. The firm has “Buy” rating by Chardan Capital Markets given on Friday, November 10.

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 $127.45 million. It assists energy production companies in the production and transportation of oil and natural gas. It has a 29 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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