Company Update (NYSE:ANFI): Amira Nature Foods Ltd Announces Five New Retail Wins in the United States
Amira Nature Foods Ltd (NYSE:ANFI), a leading global provider of branded packaged Indian specialty rice, announced today that Amira branded products are now available in five new Western U.S. retailers, including Gelson’s Markets, G&G Supermarket, Harmons Grocery, Murphy’s Markets, and SPD Markets. These new retail wins add to Amira’s expansion in the U.S., deepening its penetration across Northern and Southern California, as well as in Utah.
“Our team continues to work diligently to expand the Amira brand and we are excited to add five more supermarket retailers in the U.S. selling Amira products,” said Karan A Chanana, Chairman of Amira Nature Foods Ltd. “We believe that we have a tremendous opportunity to continue to expand in North America with the Amira brand as we introduce more consumers to our premium Basmati rice products.” (Original Source)
Shares of Amira Nature Foods closed last Friday at $3.96. ANFI has a 1-year high of $19.86 and a 1-year low of $2.51. The stock’s 50-day moving average is $8.09 and its 200-day moving average is $9.69.
On the ratings front, Oppenheimer analyst Rupesh Parikh maintained a Buy rating on ANFI, in a report issued on August 3. According to TipRanks.com, Parikh has a total average return of 2.4%, a 54.1% success rate, and is ranked #1271 out of 3747 analysts.
Amira Nature Foods Ltd is a provider of packaged Indian specialty rice, with sales in over 60 countries. It also sell other products such as wheat, barley and legumes.