Could Amira Nature Foods Ltd. (ANFI) Change Direction After Today’s Significant Increase?

March 14, 2018 - By Jason Duda

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. Oppenheimer maintained Amira Nature Foods Ltd. (NYSE:ANFI) on Tuesday, August 4 with “Buy” rating. The firm earned “Buy” rating on Wednesday, September 21 by Jefferies. The stock of Amira Nature Foods Ltd. (NYSE:ANFI) earned “Market Perform” rating by BMO Capital Markets on Tuesday, August 18. The stock of Amira Nature Foods Ltd. (NYSE:ANFI) earned “Buy” rating by Jefferies on Monday, September 25. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Wednesday, April 19. On Monday, August 10 the stock rating was upgraded by Zacks to “Hold”. Jefferies maintained Amira Nature Foods Ltd. (NYSE:ANFI) rating on Friday, October 27. Jefferies has “Buy” rating and $8.0 target. The stock of Amira Nature Foods Ltd. (NYSE:ANFI) earned “Buy” rating by Jefferies on Thursday, June 29.

More notable recent Amira Nature Foods Ltd. (NYSE:ANFI) news were published by: which released: “CORRECTING and REPLACING Amira Nature Foods Ltd Announces Results for the Six …” on November 30, 2017, also with their article: “Amira Nature Foods: Too Cheap To Be True” published on August 08, 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 Expands Distribution Footprint in Germany” published on May 24, 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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