Stock Update (NYSE:ANFI): Amira Nature Foods Ltd Announces Whole Foods Market to Begin Selling Amira’s Organic Certified Branded Basmati Rice Products in Stores Throughout Florida
Amira Nature Foods Ltd (NYSE:ANFI), a leading global provider of branded packaged Indian specialty rice, announced today that Amira’s organic certified branded products will be available in Whole Foods’Florida stores beginning September 2015. Whole Foods will carry 3 SKUs of Organic Certified Amira branded products throughout Florida, including its 2 lb. Basmati white, 2 lb. Basmati smoked and 2 lb. Sona Masoori packages of rice.
Founded in 1978, Whole Foods Market is the leading retailer of natural and organic foods, the first national “Certified Organic” grocer, and markets itself as America’s Healthiest Grocery StoreTM.
“Natural and organics are a large and compelling market – we believe greater than $100 billion in the U.S., and Whole Foods has maintained a undisputed leadership position in this very important category,” said Karan A. Chanana, Chairman of Amira Nature Foods Ltd. “We look forward to building a long and productive relationship with Whole Foods and we believe that our premium, organic certified, better-for-you rice products are a perfect fit for Whole Foods’ health conscious shoppers.” (Original Source)
Shares of Amira Nature Foods closed yesterday at $3.97. ANFI has a 1-year high of $18.52 and a 1-year low of $2.51. The stock’s 50-day moving average is $6.31 and its 200-day moving average is $9.42.
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 4.7%, a 60.2% success rate, and is ranked #882 out of 3765 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.