{"id":3065,"date":"2013-10-31T14:13:03","date_gmt":"2013-10-31T14:13:03","guid":{"rendered":"\/?p=3065"},"modified":"2013-10-31T14:13:05","modified_gmt":"2013-10-31T14:13:05","slug":"profire-energy-inc-otcbbpfie-scares-with-intra-day-dip","status":"publish","type":"post","link":"\/articles\/profire-energy-inc-otcbbpfie-scares-with-intra-day-dip\/","title":{"rendered":"Profire Energy, Inc. (OTCBB:PFIE) Scares With Intra-Day Dip"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/6PFIE_chart.png\" border=\"0\" alt=\"6PFIE_chart.png\" title=\"6PFIE_chart.png\" width=\"450\" height=\"201\" \/>After steadily marching throughout October and adding 90% to its share price in a series of steady green sessions, this week Profire Energy, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PFIE\">PFIE<\/a>) went more volatile and moved in both directions, finally charting a more significant red day yesterday. <\/p>\n<p>Share volume was slowly rising and peaked yesterday at 168 thousand shares traded. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PFIE\">PFIE<\/a> opened down and dipped as low as $3.46 on a volume spike, frightening a few traders. Luckily, the stock managed to bounce back and recovered to a close of $3.97 per share. Once again, technical lovers would note that the reversal triggered at the ticker&#8217;s 10-day moving average.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PFIE\">PFIE<\/a> happens to be a company that is quite a bit different from many of the stocks we cover and from a good part of the OTCBB as a whole. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PFIE\">PFIE<\/a> deals in combustion equipment and has a balance sheet that boasts some very respectable numbers. Here is what the company published in its latest 10-Q for the period ended June 2013:<\/p>\n<ul>\n<li>$1.7 million in cash, $12 million in current assets<\/li>\n<li>$2.3 million in total liabilities<\/li>\n<li>$7.1 million in quarterly revenues<\/li>\n<li>$1.6 million in quarterly net income<\/li>\n<\/ul>\n<p>It&#8217;s refreshing to see an OTC company that doesn&#8217;t simply turn seven-digit revenues, it even manages to log net profit in seven digits too. Revenue for the quarter has doubled year-over-year and net income has nearly tripled on the same basis.<\/p>\n<p>With no grim news coming out and no new filings, yesterday&#8217;s drop may have simply been a small corrective move that could prove to be healthy in the long run, as Monday&#8217;s double-digit green close shook up the steady climb. The fact that <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=PFIE\">PFIE<\/a> managed to put brakes on the slide at its 10-day MA and claw its way a whole 50 cents up suggests that this was probably not the start of a catastrophic slip but just minor correction.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/65GSAT_chart.png\" border=\"0\" alt=\"65GSAT_chart.png\" title=\"65GSAT_chart.png\" width=\"330\" height=\"147\" \/>Other stocks that closed red in yesterday&#8217;s OTC session include Globalstar, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GSAT\">GSAT<\/a>) who moved 5% down. Solar Power, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SOPW\">SOPW<\/a>) were less fortunate and retreated 22% to a close of $0.28 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After steadily marching throughout October and adding 90% to its share price in a series of steady green sessions, this week Profire Energy, Inc. (OTCBB:PFIE) went more volatile and moved in both directions, finally&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[314,1005,1039],"class_list":["post-3065","post","type-post","status-publish","format-standard","hentry","category-news","tag-gsat","tag-pfie","tag-sopw"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3065"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3065\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}