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

Research analysts at StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

AMCON Distributing Stock Down 1.3 %

Shares of DIT stock opened at $142.12 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 3.05 and a debt-to-equity ratio of 1.59. The firm has a market cap of $89.54 million, a P/E ratio of 10.04 and a beta of 0.51. AMCON Distributing has a 1 year low of $119.34 and a 1 year high of $210.53.

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

Hedge Funds Weigh In On AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC increased its position in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,442 shares of the company’s stock after buying an additional 175 shares during the period. Empowered Funds LLC owned about 0.39% of AMCON Distributing worth $449,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 11.14% of the company’s stock.

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.