AMCON Distributing (NYSEAMERICAN:DIT) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a report released on Saturday. The firm set a “hold” rating on the stock.

AMCON Distributing Stock Up 2.4 %

DIT stock opened at $143.43 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 3.05 and a quick ratio of 1.15. The company has a market capitalization of $90.36 million, a PE ratio of 10.13 and a beta of 0.56. AMCON Distributing has a 12-month low of $119.34 and a 12-month high of $220.00.

AMCON Distributing (NYSEAMERICAN:DIT) last posted its quarterly earnings data on Thursday, July 18th. The company reported $2.46 earnings per share for the quarter. AMCON Distributing had a return on equity of 5.65% and a net margin of 0.23%. The business had revenue of $717.85 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC boosted its position in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,442 shares of the company’s stock after acquiring an additional 175 shares during the period. Empowered Funds LLC owned 0.39% of AMCON Distributing worth $449,000 as of its most recent SEC filing. 11.14% of the stock is currently owned by hedge funds and other institutional investors.

About AMCON Distributing

AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. It operates through Wholesale Distribution and Retail Health Food segments. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and refrigerated products, and institutional foodservice products.