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Profire Energy (NASDAQ:PFIE)‘s stock had its “positive” rating reiterated by investment analysts at Chardan Capital in a note issued to investors on Thursday.

Shares of Profire Energy (NASDAQ:PFIE) traded up 8.91% during mid-day trading on Thursday, hitting $4.0078. The stock had a trading volume of 683,050 shares. Profire Energy has a one year low of $1.71 and a one year high of $5.89. The stock’s 50-day moving average is $3.98 and its 200-day moving average is $4.00. The company has a market cap of $192.5 million and a P/E ratio of 30.67. Profire Energy also was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 2,200,301 shares, a growth of 45.5% from the July 15th total of 1,512,157 shares. Currently, 10.7% of the shares of the stock are short sold. Based on an average trading volume of 290,168 shares, the days-to-cover ratio is presently 7.6 days.

Profire Energy (NASDAQ:PFIE) last issued its quarterly earnings data on Tuesday, July 1st. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.02. On average, analysts predict that Profire Energy will post $0.16 earnings per share 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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