Amira Nature Foods Ltd (NYSE:ANFI) Ends Down After Crazy 23.26% Swing

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Shipwreck freeimages.com/Roger Buser
Shipwreck freeimages.com/Roger Buser

Amira Nature Foods Ltd (NYSE:ANFI)

December 6th, 2018
Amira Nature Foods Ltd fell $0.01 Thursday, down 2.83%, closing at $0.52. Amira Nature Foods Ltd swung 23.26% between high and low. As well as the drop in value, Amira Nature Foods Ltd hit a new 52 week low of $0.43. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.70.

ANFI was outperformed by the rest of the Consumer Staples sector which went down only 0.10%.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector declining 13%.

Communication Services saw the biggest turnaround from its 5-day performance of -0.23%, as it went up 1.04%. Energy and Materials experienced turn arounds from their five day positive performance, Energy with a drop of 1.77%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

Amira Nature Foods Ltd Info

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. It also sells bulk commodities, including wheat, barley, legume, maize, sugar, soybean meal, onion, potato, and millet products to trading firms. The company sells its products to buyers in the Asia Pacific, Europe, the Middle East, North Africa, and North America; and distributors and retail chains in India. Amira Nature Foods Ltd. was founded in 1915 and is based in Dubai, the United Arab Emirates.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Amira Nature Foods Ltd’s score is 0.70) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

ANFI daily update
ANFI daily update


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