Investment analysts at StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the stock.
AMCON Distributing Price Performance
Shares of NYSEAMERICAN DIT opened at $132.85 on Tuesday. The company has a current ratio of 3.05, a quick ratio of 1.15 and a debt-to-equity ratio of 1.59. AMCON Distributing has a fifty-two week low of $118.25 and a fifty-two week high of $209.50. The stock has a market cap of $83.70 million, a PE ratio of 13.25 and a beta of 0.54.
Institutional Inflows and Outflows
An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC increased its position in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 7.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,442 shares of the company’s stock after buying an additional 175 shares during the quarter. Empowered Funds LLC owned about 0.39% of AMCON Distributing worth $449,000 as of its most recent SEC filing. 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.
Further Reading
- Five stocks we like better than AMCON Distributing
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Intel: Is Now the Time to Be Brave?Â
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Carnival or Royal Caribbean—Which Cruise Stock Has More Upside?
- 3 Warren Buffett Stocks to Buy Now
- Summit Therapeutics: Is Their Lung Cancer Drug a Game Changer?
Receive News & Ratings for AMCON Distributing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMCON Distributing and related companies with MarketBeat.com's FREE daily email newsletter.