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

Investment analysts at StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research note issued on Monday. The brokerage set a “hold” rating on the stock.

AMCON Distributing Stock Down 0.7 %

Shares of DIT opened at $146.80 on Monday. AMCON Distributing has a fifty-two week low of $119.34 and a fifty-two week high of $210.53. The company has a market capitalization of $92.48 million, a PE ratio of 10.37 and a beta of 0.51. The company has a debt-to-equity ratio of 1.59, a current ratio of 3.05 and a quick ratio of 1.15.

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

Institutional Inflows and Outflows

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

AMCON Distributing Company Profile

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.