Zacks Investment Research Downgrades Amira Nature Foods (ANFI) to Hold

Zacks Investment Research cut shares of Amira Nature Foods (NYSE:ANFI) from a buy rating to a hold rating in a report issued on Wednesday, January 17th.

According to Zacks, “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. “

Separately, Jefferies Group set a $8.00 price objective on Amira Nature Foods and gave the company a buy rating in a research report on Sunday, October 29th.

Amira Nature Foods (ANFI) traded up $0.02 during trading hours on Wednesday, reaching $4.02. The company’s stock had a trading volume of 54,004 shares, compared to its average volume of 166,479. The company has a market capitalization of $164.76, a PE ratio of 4.73 and a beta of -0.13. Amira Nature Foods has a twelve month low of $3.85 and a twelve month high of $7.05.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nationwide Fund Advisors bought a new stake in Amira Nature Foods in the third quarter worth about $182,000. Wells Fargo & Company MN bought a new stake in shares of Amira Nature Foods during the third quarter valued at approximately $210,000. GSA Capital Partners LLP raised its stake in shares of Amira Nature Foods by 104.2% during the second quarter. GSA Capital Partners LLP now owns 36,836 shares of the company’s stock valued at $204,000 after acquiring an additional 18,800 shares in the last quarter. Spark Investment Management LLC bought a new stake in shares of Amira Nature Foods during the fourth quarter valued at approximately $292,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Amira Nature Foods by 30.1% during the second quarter. Ameriprise Financial Inc. now owns 102,130 shares of the company’s stock valued at $566,000 after acquiring an additional 23,630 shares in the last quarter. 12.99% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This article was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/12/amira-nature-foods-anfi-downgraded-by-zacks-investment-research.html.

Amira Nature Foods Company Profile

Amira Nature Foods Ltd is primarily engaged in the business of processing and selling packaged Indian specialty rice, primarily basmati rice and other food products. The Company sells Basmati rice and other specialty rice, under its Amira brand, as well as under other third-party brands. It also sells non-basmati rice.

Get a free copy of the Zacks research report on Amira Nature Foods (ANFI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Amira Nature Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amira Nature Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply