Amira Nature Foods (NYSE:ANFI) Shares Up 5.6%

Shares of Amira Nature Foods Ltd (NYSE:ANFI) shot up 5.6% on Friday . The company traded as high as $0.77 and last traded at $0.75, 656,040 shares were traded during trading. An increase of 29% from the average session volume of 509,099 shares. The stock had previously closed at $0.71.

Separately, Jefferies Financial Group set a $24.00 price target on Guess? and gave the company a “buy” rating in a report on Thursday, March 21st.

The stock’s fifty day simple moving average is $0.85.

An institutional investor recently bought a new position in Amira Nature Foods stock. Deutsche Bank AG purchased a new stake in shares of Amira Nature Foods Ltd (NYSE:ANFI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 63,709 shares of the company’s stock, valued at approximately $26,000. Deutsche Bank AG owned approximately 0.17% of Amira Nature Foods at the end of the most recent reporting period. 12.36% of the stock is owned by hedge funds and other institutional investors.

Amira Nature Foods Company Profile (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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