Media headlines about Profire Energy (NASDAQ:PFIE) have been trending positive on Saturday, according to AlphaOne. AlphaOne, a unit of Accern, ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Profire Energy earned a daily sentiment score of 0.27 on AlphaOne’s scale. AlphaOne also gave media stories about the oil and gas company an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Profire Energy (NASDAQ:PFIE) opened at 1.45 on Friday. The company has a market capitalization of $72.82 million, a PE ratio of 65.91 and a beta of 1.54. The stock’s 50 day moving average price is $1.33 and its 200 day moving average price is $1.32. Profire Energy has a 12-month low of $0.95 and a 12-month high of $1.72.
Separately, Chardan Capital reaffirmed a “buy” rating and issued a $2.15 price objective (up from $2.00) on shares of Profire Energy in a research report on Monday, March 13th.
In related news, CEO Brenton W. Hatch sold 34,887 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $1.23, for a total value of $42,911.01. Following the completion of the sale, the chief executive officer now directly owns 14,206,764 shares in the company, valued at $17,474,319.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brenton W. Hatch sold 30,316 shares of the business’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $1.54, for a total transaction of $46,686.64. Following the completion of the sale, the chief executive officer now owns 14,143,000 shares of the company’s stock, valued at $21,780,220. The disclosure for this sale can be found here. Insiders have sold a total of 405,266 shares of company stock valued at $555,989 over the last 90 days. 58.70% of the stock is currently owned by insiders.
Profire Energy Company Profile
Profire Energy, Inc is an oilfield technology company. The Company is primarily engaged in the business of developing combustion management technologies for the oil and gas industry. It specializes in the creation of burner-management systems, used on a range of oilfield natural-draft fire tube vessels.
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