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

Profire Energy, Inc. (NASDAQ:PFIE)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Profire Energy Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.34 and a current ratio of 4.89. The firm has a market cap of $93.87 million, a price-to-earnings ratio of 8.00 and a beta of 0.52. The stock’s 50 day simple moving average is $1.67 and its 200-day simple moving average is $1.73.

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

Institutional Trading of Profire Energy

Several large investors have recently made changes to their positions in PFIE. Qube Research & Technologies Ltd purchased a new stake in shares of Profire Energy in the 3rd quarter valued at $25,000. Freedom Wealth Alliance LLC purchased a new stake in Profire Energy during the third quarter worth $29,000. Bayesian Capital Management LP purchased a new stake in Profire Energy during the fourth quarter worth $29,000. Two Sigma Securities LLC purchased a new stake in Profire Energy during the first quarter worth $32,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Profire Energy during the third quarter worth $33,000. 38.51% of the stock is owned by hedge funds and other institutional investors.

Profire Energy Company Profile

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.