Equities research analysts at StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the stock.
AMCON Distributing Stock Performance
NYSEAMERICAN:DIT opened at $140.00 on Friday. 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 $88.20 million, a P/E ratio of 13.96 and a beta of 0.51. AMCON Distributing has a one year low of $119.34 and a one year high of $209.50.
AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) last posted its quarterly earnings data on Thursday, July 18th. The company reported $2.46 earnings per share for the quarter. The firm had revenue of $717.85 million during the quarter. AMCON Distributing had a net margin of 0.23% and a return on equity of 5.65%.
Institutional Investors Weigh In On AMCON Distributing
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.
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