Profire Energy (NASDAQ:PFIE) Stock Crosses Below 200 Day Moving Average of $1.74

Profire Energy, Inc. (NASDAQ:PFIE)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.74 and traded as low as $1.73. Profire Energy shares last traded at $1.74, with a volume of 105,281 shares.

Profire Energy Price Performance

The company has a fifty day moving average of $1.67 and a 200 day moving average of $1.73. The firm has a market capitalization of $93.87 million, a P/E ratio of 8.00 and a beta of 0.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.89 and a quick ratio of 3.34.

Profire Energy (NASDAQ:PFIE) last announced its earnings results on Wednesday, March 13th. The oil and gas company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. Profire Energy had a return on equity of 20.13% and a net margin of 18.51%. The business had revenue of $14.38 million for the quarter, compared to analysts’ expectations of $14.99 million. Sell-side analysts predict that Profire Energy, Inc. will post 0.2 earnings per share for the current year.

Hedge Funds Weigh In On Profire Energy

Institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd acquired a new position in Profire Energy in the third quarter valued at approximately $25,000. Freedom Wealth Alliance LLC acquired a new position in Profire Energy in the third quarter valued at approximately $29,000. Commonwealth Equity Services LLC acquired a new position in Profire Energy in the third quarter valued at approximately $33,000. Brown Advisory Inc. acquired a new position in Profire Energy in the third quarter valued at approximately $35,000. Finally, Ritholtz Wealth Management acquired a new position in Profire Energy in the third quarter valued at approximately $36,000. 38.51% of the stock is owned by institutional investors and hedge funds.

About Profire Energy

Profire Energy, Inc, a technology company, engages in the engineering and design of burner, and combustion management systems and solutions for natural and forced draft applications in the United States and Canada. It primarily focuses on the upstream, midstream, and downstream transmission segments of the oil and gas industry.