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Profire Energy (NASDAQ:PFIE) COO Harold Albert sold 625,000 shares of the stock on the open market in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $4.00, for a total value of $2,500,000.00. Following the transaction, the chief operating officer now directly owns 14,700,000 shares of the company’s stock, valued at approximately $58,800,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Profire Energy (NASDAQ:PFIE) traded down 7.38% during mid-day trading on Thursday, hitting $4.52. The stock had a trading volume of 624,004 shares. Profire Energy has a 1-year low of $1.26 and a 1-year high of $5.89. The stock’s 50-day moving average is $4.5 and its 200-day moving average is $3.94. The company has a market cap of $216.2 million and a price-to-earnings ratio of 40.67.

Profire Energy (NASDAQ:PFIE) last posted its quarterly earnings results on Tuesday, July 1st. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.02. Analysts expect that Profire Energy will post $0.13 EPS for the current fiscal year.

Profire Energy, Inc is engaged in the business of developing combustion management technologies for the oil and gases industry.

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