Profire Energy, Inc. (PFIE) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

March 18, 2018 - By Michael Collier

Investors sentiment decreased to 1.27 in Q3 2017. Its down 0.29, from 1.56 in 2017Q2. It dived, 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.
Nationwide Fund Advsrs invested 0% in Profire Energy, Inc. (NASDAQ:PFIE). Sg Americas Secs Lc has 150,000 shares for 0% of their portfolio. Blackrock invested 0% of its portfolio in Profire Energy, Inc. (NASDAQ:PFIE). 192,601 are owned by Van Den Berg I. Geode Management Ltd Liability Co, Massachusetts-based fund reported 119,381 shares. Susquehanna Intl Gp Llp stated it has 0% of its portfolio in Profire Energy, Inc. (NASDAQ:PFIE). Millennium Management Limited Liability Corporation holds 0% of its portfolio in Profire Energy, Inc. (NASDAQ:PFIE) for 14,065 shares. Pacific Ridge Prtn Ltd owns 0.66% invested in Profire Energy, Inc. (NASDAQ:PFIE) for 1.17 million shares. Essex Inv Management Co Ltd Liability Corp reported 0.06% in Profire Energy, Inc. (NASDAQ:PFIE). The Australia-based Macquarie Gru Ltd has invested 0% in Profire Energy, Inc. (NASDAQ:PFIE). White Pine Cap Ltd Liability Com reported 0% stake. New York-based Morgan Stanley has invested 0% in Profire Energy, Inc. (NASDAQ:PFIE). Tocqueville Asset Mngmt L P holds 0.04% or 1.73M shares in its portfolio. Commercial Bank Of New York Mellon Corp invested in 0% or 11,884 shares. Private Advisor Gru Ltd Liability holds 86,000 shares or 0% of its portfolio.

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 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 EPS, 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 EPS 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. On Friday, November 10 the stock rating was maintained by Chardan Capital Markets with “Buy”. The firm earned “Buy” rating on Tuesday, December 1 by TH Capital. The stock of Profire Energy, Inc. (NASDAQ:PFIE) has “Neutral” rating given on Wednesday, January 27 by Chardan Capital Markets. Roth Capital initiated it with “Buy” rating and $1.75 target in Tuesday, December 1 report. The rating was upgraded by Chardan Capital Markets to “Buy” on Thursday, December 15. Roth Capital maintained Profire Energy, Inc. (NASDAQ:PFIE) on Sunday, November 5 with “Buy” rating. The stock of Profire Energy, Inc. (NASDAQ:PFIE) has “Sell” rating given on Saturday, August 22 by Zacks. Roth Capital initiated Profire Energy, Inc. (NASDAQ:PFIE) rating on Friday, March 2. Roth Capital has “Buy” rating and $2.3 target.

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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