AMCON Distributing (NYSEAMERICAN:DIT) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the stock.

AMCON Distributing Stock Performance

Shares of AMCON Distributing stock opened at $121.00 on Monday. The stock has a market capitalization of $76.23 million, a price-to-earnings ratio of 16.88 and a beta of 0.54. The company has a quick ratio of 1.15, a current ratio of 3.05 and a debt-to-equity ratio of 1.59. AMCON Distributing has a 1 year low of $118.25 and a 1 year high of $209.50.

Institutional Investors Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC raised its position in AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,756 shares of the company’s stock after acquiring an additional 134 shares during the period. Empowered Funds LLC owned about 0.44% of AMCON Distributing worth $399,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 11.14% of the company’s stock.

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.