Amira Nature Foods Ltd (NYSE:ANFI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday.

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. “

Several other equities analysts have also recently issued reports on ANFI. KeyCorp initiated coverage on shares of Amira Nature Foods in a research note on Wednesday, April 19th. They issued an “equal weight” rating on the stock. ValuEngine cut shares of Amira Nature Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $10.85.

Amira Nature Foods (NYSE ANFI) traded down 0.55% during mid-day trading on Monday, reaching $5.41. 113,551 shares of the company traded hands. The firm has a market capitalization of $199.23 million, a price-to-earnings ratio of 6.44 and a beta of -0.19. Amira Nature Foods has a 52 week low of $4.50 and a 52 week high of $8.60. The stock’s 50 day moving average price is $5.73 and its 200 day moving average price is $5.38.

WARNING: This piece was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/08/14/amira-nature-foods-ltd-nyseanfi-lifted-to-hold-at-zacks-investment-research.html.

A number of institutional investors have recently made changes to their positions in ANFI. Envestnet Asset Management Inc. purchased a new position in shares of Amira Nature Foods during the first quarter valued at about $1,870,000. Nwam LLC boosted its position in Amira Nature Foods by 21.7% in the second quarter. Nwam LLC now owns 38,750 shares of the company’s stock worth $287,000 after buying an additional 6,900 shares during the period. UBS Asset Management Americas Inc. bought a new position in Amira Nature Foods during the second quarter worth $874,000. FMR LLC boosted its position in Amira Nature Foods by 1.9% in the fourth quarter. FMR LLC now owns 3,324,162 shares of the company’s stock worth $20,444,000 after buying an additional 60,500 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Amira Nature Foods during the fourth quarter worth $427,000. 13.14% of the stock is currently owned by institutional investors.

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