Why Amira Nature Foods Ltd (NYSE:ANFI) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $8.00 on Amira Nature Foods Ltd (NYSE:ANFI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.60 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Amira Nature Foods Ltd (NYSE:ANFI) stands at 9.43.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Amira Nature Foods Ltd Ordinary, the PEG ratio for coming 3-5 years is 0.00.

Technical Analysis

The technical analysis highlights that Amira Nature Foods Ltd Ordinary current is trading $0.74 points away or +9.63% from its 50-day moving average of $7.70. Further it is trading $-0.41 or -4.61% away its 200-day moving average of $8.85.

The 52-week high of Amira Nature Foods Ltd (NYSE:ANFI) was $14.09 while lowest point recorded in 52-week was $2.51. It implies if stock price makes a movement of over $-5.65, it will record a new 52-week high. In the case of +236.25% drop, it will touch a new 52-week low.

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