Amira Nature Foods Ltd (NYSE:ANFI) reached a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $3.67 and last traded at $3.69, with a volume of 100714 shares trading hands. The stock had previously closed at $3.70.

A number of research firms recently issued reports on ANFI. Jefferies Group reaffirmed a “buy” rating and set a $8.00 price target on shares of Amira Nature Foods in a research note on Friday, January 26th. Zacks Investment Research downgraded shares of Amira Nature Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th.

The company has a market cap of $137.10, a PE ratio of 3.93 and a beta of -0.13.

Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its position in Amira Nature Foods by 2,248.3% during the 4th quarter. Wells Fargo & Company MN now owns 819,780 shares of the company’s stock worth $3,418,000 after buying an additional 784,871 shares during the last quarter. Spark Investment Management LLC acquired a new stake in Amira Nature Foods in the fourth quarter valued at $292,000. Nationwide Fund Advisors acquired a new stake in Amira Nature Foods in the third quarter valued at $182,000. The Manufacturers Life Insurance Company grew its holdings in Amira Nature Foods by 4.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 357,321 shares of the company’s stock valued at $1,490,000 after purchasing an additional 16,357 shares during the last quarter. Finally, Pinnacle Associates Ltd. grew its holdings in Amira Nature Foods by 7.6% in the fourth quarter. Pinnacle Associates Ltd. now owns 216,839 shares of the company’s stock valued at $904,000 after purchasing an additional 15,382 shares during the last quarter. 15.90% of the stock is currently owned by institutional investors.

About Amira Nature Foods

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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