The stock of Amira Nature Foods Ltd (NYSE:ANFI) is a huge mover today! About 305,590 shares traded hands or 273.52% up from the average. Amira Nature Foods Ltd (NYSE:ANFI) has risen 4.60% since April 27, 2016 and is uptrending. It has underperformed by 0.63% the S&P500.
The move comes after 9 months negative chart setup for the $271.67M company. It was reported on Nov, 30 by Barchart.com. We have $6.98 PT which if reached, will make NYSE:ANFI worth $13.58M less.
Amira Nature Foods Ltd (NYSE:ANFI) Ratings Coverage
Out of 2 analysts covering Amira Nature Foods (NYSE:ANFI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Amira Nature Foods has been the topic of 4 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Jefferies initiated the stock with “Buy” rating in Wednesday, September 21 report. The stock of Amira Nature Foods Ltd (NYSE:ANFI) has “Hold” rating given on Monday, August 10 by Zacks. The stock of Amira Nature Foods Ltd (NYSE:ANFI) has “Market Perform” rating given on Tuesday, August 18 by BMO Capital Markets. The company was maintained on Tuesday, August 4 by Oppenheimer.
According to Zacks Investment Research, “Amira Nature Foods Ltd. provides packaged Indian specialty rice. The Company sells Basmati rice, premium long-grain rice under their flagship Amira brand as well as under other third party brands. It participates across the entire rice supply chain from the procurement of paddy to its storage, aging, processing into rice, packaging, distribution and marketing. Amira Nature Foods Ltd. is headquartered in Dubai, United Arab Emirates.”
More notable recent Amira Nature Foods Ltd (NYSE:ANFI) news were published by: Marketwatch.com which released: “Amira Nature Foods Ltd.” on June 15, 2012, also Streetinsider.com with their article: “Jefferies Starts Amira Nature Foods Ltd. (ANFI) at Buy” published on September 21, 2016, Fool.com published: “Why Shares of Amira Nature Foods Ltd. Soared 16% Higher Today” on July 16, 2015. More interesting news about Amira Nature Foods Ltd (NYSE:ANFI) were released by: Quotes.Wsj.com and their article: “News Amira Nature Foods Ltd.ANFI” published on September 28, 2012 as well as Businesswire.com‘s news article titled: “Amira Nature Foods Ltd Announces Results for the Six Months Ended September 30 …” with publication date: April 26, 2016.
ANFI Company Profile
Amira Nature Foods Ltd, incorporated on February 20, 2012, is primarily engaged in the business of processing and selling packaged Indian specialty rice, primarily basmati rice and other food products. The Firm sells Basmati rice and other specialty rice, under its Amira brand, as well as under other third-party brands. The Firm has developed a line of Amira branded products to complement its packaged rice offerings, including edible oil, snacks, ready-to-heat meals and a line of organic product offerings. The Firm is engaged in the institutional sale of bulk commodities to international and regional trading firms, which includes wheat, barley, legume, maize, sugar, soybean meal, onion, potato, millet and others. The Firm has its international offices in Malaysia, Singapore, the United Arab Emirates (UAE), the United Kingdom, the United States and Germany, and sells its products throughout Asia Pacific, North America, and Europe, the Middle East and Africa (EMEA).
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