Insider Selling: Profire Energy COO Unloads 300,000 Shares of Stock (PFIE)
Profire Energy (NASDAQ:PFIE) COO Harold Albert sold 300,000 shares of Profire Energy stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $4.65, for a total transaction of $1,395,000.00. Following the transaction, the chief operating officer now directly owns 14,025,000 shares in the company, valued at approximately $65,216,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Profire Energy (NASDAQ:PFIE) traded up 2.16% during mid-day trading on Friday, hitting $4.74. The stock had a trading volume of 301,690 shares. Profire Energy has a one year low of $1.83 and a one year high of $5.89. The stock’s 50-day moving average is $3.94 and its 200-day moving average is $4.03. The company has a market cap of $249.1 million and a price-to-earnings ratio of 35.42.
Profire Energy (NASDAQ:PFIE) last issued its quarterly earnings data on Tuesday, July 1st. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.02. On average, analysts predict that Profire Energy will post $0.17 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on PFIE shares. Analysts at Maxim Group reiterated a “buy” rating on shares of Profire Energy in a research note on Monday, August 18th. They now have a $6.00 price target on the stock. Analysts at Chardan Capital reiterated a “positive” rating on shares of Profire Energy in a research note on Thursday, August 14th.
Profire Energy, Inc is engaged in the business of developing combustion management technologies for the oil and gases industry.
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