Amira Nature Foods Ltd (NYSE:ANFI) shares fell 7.2% during mid-day trading on Tuesday . The company traded as low as $1.47 and last traded at $1.54. 511,091 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 701,041 shares. The stock had previously closed at $1.66.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a $6.00 price target on shares of Amira Nature Foods in a research note on Thursday, March 21st.

The stock has a market cap of $62.24 million, a price-to-earnings ratio of -17.11 and a beta of 2.37.

A hedge fund recently bought a new stake in Amira Nature Foods stock. Raging Capital Management LLC purchased a new position in shares of Amira Nature Foods Ltd (NYSE:ANFI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 144,396 shares of the company’s stock, valued at approximately $61,000. Raging Capital Management LLC owned 0.39% of Amira Nature Foods as of its most recent SEC filing. 12.72% of the stock is currently owned by institutional investors.

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About Amira Nature Foods (NYSE:ANFI)

Amira Nature Foods Ltd. engages in processing, sourcing, and selling packaged Indian specialty rice. The company 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.

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