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.

COPYRIGHT VIOLATION WARNING: “Amira Nature Foods (ANFI) Stock Price Down 7.2%” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at

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.

Further Reading: Why does the United States have a lingering trade deficit?

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's FREE daily email newsletter.