Is Buying Stock Like Amira Nature Foods Ltd. (ANFI) After Such Increase Winning Strategy?

March 14, 2018 - By Vivian Currie

The stock of Amira Nature Foods Ltd. (NYSE:ANFI) is a huge mover today! The stock increased 3.54% or $0.15 during the last trading session, reaching $4.39. About 134,375 shares traded. Amira Nature Foods Ltd. (NYSE:ANFI) has declined 27.11% since March 14, 2017 and is downtrending. It has underperformed by 43.81% the S&P500.
The move comes after 9 months positive chart setup for the $178.27M company. It was reported on Mar, 14 by We have $4.52 PT which if reached, will make NYSE:ANFI worth $5.35 million more.

Amira Nature Foods Ltd. (NYSE:ANFI) Ratings Coverage

Among 3 analysts covering Amira Nature Foods (NYSE:ANFI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Amira Nature Foods had 8 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $800 target in Thursday, June 29 report. On Monday, August 10 the stock rating was upgraded by Zacks to “Hold”. As per Friday, October 27, the company rating was maintained by Jefferies. KeyBanc Capital Markets initiated the stock with “Sector Weight” rating in Wednesday, April 19 report. Jefferies maintained Amira Nature Foods Ltd. (NYSE:ANFI) rating on Monday, September 25. Jefferies has “Buy” rating and $8.0 target. Jefferies initiated the shares of ANFI in report on Wednesday, September 21 with “Buy” rating. The firm has “Buy” rating by Oppenheimer given on Tuesday, August 4. The stock of Amira Nature Foods Ltd. (NYSE:ANFI) has “Market Perform” rating given on Tuesday, August 18 by BMO Capital Markets.

More notable recent Amira Nature Foods Ltd. (NYSE:ANFI) news were published by: which released: “Amira Nature Foods Ltd Expands Distribution Footprint in Germany” on May 24, 2017, also with their article: “Amira Nature Foods, Ltd Announces 2017 Annual General Meeting” published on September 27, 2017, published: “BRIEF-Amira Nature Foods announces earnings release date” on May 23, 2017. More interesting news about Amira Nature Foods Ltd. (NYSE:ANFI) were released by: and their article: “Amira Nature Foods Ltd Announces Appointment of New Independent Director” published on October 04, 2017 as well as‘s news article titled: “Amira Nature Foods Ltd Announces Strategic Acquisition in Germany” with publication date: March 08, 2017.

Amira Nature Foods Ltd. engages in processing, sourcing, and selling packaged Indian specialty rice. The company has market cap of $178.27 million. The firm provides various types of basmati rice, other specialty rice and other food products, ready-to-eat snacks, edible oils, and organic products for retailers under the Amira brand; and non-basmati rice. It has a 5.2 P/E ratio. It also sells bulk commodities, including wheat, barley, legume, maize, sugar, soybean meal, onion, potato, and millet products to trading firms.

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