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

Stock analysts at StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research report issued on Saturday. The firm set a “hold” rating on the stock.

AMCON Distributing Price Performance

Shares of NYSEAMERICAN DIT opened at $125.13 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 2.46. The firm has a market cap of $81.33 million, a P/E ratio of 17.45 and a beta of 0.54. AMCON Distributing has a 12-month low of $118.25 and a 12-month high of $209.50.

Hedge Funds Weigh In On AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC raised its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 2.5% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 8,200 shares of the company’s stock after purchasing an additional 200 shares during the period. CM Management LLC owned approximately 1.30% of AMCON Distributing worth $1,152,000 as of its most recent SEC filing. 11.14% of the stock is currently owned by institutional investors and hedge funds.

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.