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Profire Energy, Inc. (NASDAQ:PFIE) has been downgraded to Hold in a report by Zacks Investment Research today.

Yesterday Profire Energy, Inc. (NASDAQ:PFIE) traded 2.07% higher at $1.25. The company’s 50-day moving average is $1.29 and its 200-day moving average is $1.33. The last stock close price is down 11.46% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 170,796 shares of the stock were exchanged, up from an average trading volume of 71,862

Zacks Investment Research has downgraded Profire Energy, Inc. (NASDAQ:PFIE) to Hold in a report released on 7/07/2017.

Previously on 7/06/2017, Zacks Investment Research reported about Profire Energy, Inc. (NASDAQ:PFIE) raised the target price from $0.00 to $1.50. At the time, this indicated a possible upside of 0.2%.

See Chart Below

Profire Energy, Inc. (NASDAQ:PFIE)

Profire Energy, Inc. has a 52 week low of $1.08 and a 52 week high of $1.72 with a P/E ratio of 67.27 The company’s market cap is currently $0.

About Profire Energy, Inc. (NASDAQ:PFIE)

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. It offers burner-management systems, which help to ignite, monitor and manage the burner flame. Its solution, the PF3100, helps manage and synchronize custom applications helping oilfield producers meet deadlines through an off-the-shelf solution with dynamic customization. It also sells complementary oilfield products. Such products help manage fuel flow (such as valves and fuel trains), meter air flow (such as airplates), generate power on-site (such as solar packages), ignite and direct flame (such as flare stack igniter and nozzles), and other functions. In addition to the burner-management systems and complementary technologies, it also offers chemical-management systems.

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