NEW YORK (TheStreet) --Shares of Amira Nature Foods Ltd. (ANFI) are higher by 22.04% to $11.96 in mid-morning trading on Wednesday, after the company raised its guidance for the fiscal 2015 full year.
Amira Nature, a provider of packaged Indian specialty rice, said it is expecting its revenue and adjusted EBITDA for fiscal 2015 to grow by more than 25%.
This compares to the company's previous growth projection of 20%.
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The company said it is expecting the revenue and earnings increase to be "driven by ongoing distribution gains and market expansion across India and our international markets."
Separately, TheStreet Ratings team rates AMIRA NATURE FOODS LTD as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate AMIRA NATURE FOODS LTD (ANFI) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and weak operating cash flow."