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Zacks Research has given an average broker rating of 3 to Amira Nature Foods Ltd (NYSE:ANFI)’s shares. Zacks assigns a simplified score in between one and five against the complex analysts’ ratings. <br>
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Amira Nature Foods Ltd (NYSE:ANFI), According to the latest information theshort interest in Amira Nature Foods Ltd plummeted by 2.4% or 73,110 shares. The final shorts are 18.9% of the total floated shares. The positions dropped from 3,084,888 shares on October 30,2015to 3,011,778 on November13,2015.
According to the per-day average tradingof 1,146,365 shares, the days to cover are3. The information was released byFinancial Industry Regulatory Authority, Inc (FINRA) on November 24th after Marketclose.
Amira Nature Foods Ltd (NYSE:ANFI) : On Tuesday heightened volatility waswitnessed in Amira Nature Foods Ltd (NYSE:ANFI) which led to swings in the share price. The shares opened for trading at $8.67 andhit $9.98 on the upside , eventually endingthe session at $9.9, with a gain of 13.92%or 1.21 points. The heightened volatility saw the trading volume jump to 944,384 shares. The 52-week high of the share price is$17.5 and the company has a market cap of $284 million. The 52-week low of the share price is at $2.51.
Shares of Amira Nature Foods Ltd. rose by 34.69% in the last five trading days and 80% for the last 4 weeks. Amira Nature Foods Ltd. is up 191.18% in the last 3-month period. Year-to-Date the stock performance stands at-31.01%. Institutional Investors own 20.17% ofAmira Nature Foods Ltdshares
Amira Nature Foods Ltd. is a provider of packaged Indian specialty rice, with sales in over 40 countries. It generates the majority of its revenue through the sale of Basmati rice, a long-grain rice grown only in certain regions of the Indian sub-continent. The Company sells its products, primarily in emerging markets, through a distributionnetwork. It sells its Amira brand in more than 25 countries.
The Company sells its Amira branded products to Indian retailers such as Bharti Wal-Mart, Big Bazaar, Metro Cash & Carry, Spar, Spencers Retail, Star Bazaar (Tesco in India) and Total and retailers, such as Carrefour, Costco, Jetro Restaurant Depot, Lulus and Smart & Final, and through the foodservice channel. It participates across the entire rice supply chain from the procurement of paddy to its storage, aging, processing into rice, packaging, distribution and marketing. In January 2014, Amira Nature Foods Ltd acquired Basmati Rice GmbH.