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

Research analysts at StockNews.com assumed 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 Stock Performance

Shares of NYSEAMERICAN:DIT opened at $135.01 on Friday. The stock has a market cap of $87.76 million, a P/E ratio of 18.83 and a beta of 0.57. The company has a current ratio of 2.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.23. 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

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC increased its position in AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,756 shares of the company’s stock after purchasing an additional 134 shares during the period. Empowered Funds LLC owned 0.44% of AMCON Distributing worth $399,000 at the end of the most recent reporting period. 11.14% of the stock is currently 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.