An investigation on behalf of investors in Profire Energy, Inc. (NASDAQ:PFIE) shares over potential wrongdoing at Profire Energy was announced and NASDAQ:PFIE stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/13/2017 -- An investigation on behalf of current long-term investors in shares of Profire Energy, Inc. (NASDAQ:PFIE) was announced over potential breaches of fiduciary duties by certain officers and directors at Profire Energy.
Investors who purchased shares of Profire Energy, Inc. (NASDAQ:PFIE) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Profire Energy, Inc. officers and directors breached their fiduciary duties.
Profire Energy, Inc. reported that its Total Revenue declined from $51.18 million for the 12 months period that ended on March 31, 2015 to $27.07 million for the 12 months period that ended on March 31, 2016 and that its Net Income for those respective time periods declined from $5.75 million to $0.03 million.
Shares of Profire Energy, Inc. (NASDAQ:PFIE) declined from as high as $5.12 per share in September 2014 to as low as $0.76 per share in February 2016.
On January 12, 2017, NASDAQ:PFIE shares closed at $1.34 per share.
Those who purchased shares of Profire Energy, Inc. have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com