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Profire Energy (NASDAQ:PFIE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Maxim Group in a research note issued to investors on Monday. They currently have a $6.00 price objective on the stock. Maxim Group’s price target points to a potential upside of 45.63% from the stock’s previous close.

Separately, analysts at Chardan Capital reiterated a “positive” rating on shares of Profire Energy in a research note on Thursday.

Shares of Profire Energy (NASDAQ:PFIE) traded down 3.16% during mid-day trading on Monday, hitting $3.99. 205,542 shares of the company’s stock traded hands. Profire Energy has a 52-week low of $1.73 and a 52-week high of $5.89. The stock’s 50-day moving average is $3.95 and its 200-day moving average is $4.00. The company has a market cap of $209.6 million and a P/E ratio of 31.45.

Profire Energy (NASDAQ:PFIE) last issued its quarterly earnings data 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. 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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