StockNews.com Begins Coverage on AMCON Distributing (NYSEAMERICAN:DIT)

Equities research analysts at StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.

AMCON Distributing Stock Performance

AMCON Distributing stock opened at $138.95 on Wednesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 3.05 and a quick ratio of 1.15. AMCON Distributing has a 12 month low of $119.34 and a 12 month high of $210.53. The company has a market cap of $87.54 million, a PE ratio of 9.81 and a beta of 0.51.

AMCON Distributing (NYSEAMERICAN:DIT) last announced its quarterly earnings data on Thursday, July 18th. The company reported $2.46 earnings per share (EPS) for the quarter. AMCON Distributing had a net margin of 0.23% and a return on equity of 5.65%. The company had revenue of $717.85 million for the quarter.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC grew its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,442 shares of the company’s stock after acquiring an additional 175 shares during the period. Empowered Funds LLC owned about 0.39% of AMCON Distributing worth $449,000 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.