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

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

AMCON Distributing Stock Performance

NYSEAMERICAN:DIT opened at $140.00 on Friday. The company has a quick ratio of 1.15, a current ratio of 3.05 and a debt-to-equity ratio of 1.59. The firm has a market cap of $88.20 million, a P/E ratio of 13.96 and a beta of 0.51. AMCON Distributing has a one year low of $119.34 and a one year high of $209.50.

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

Institutional Investors Weigh In On AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC increased its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% during the first quarter, according to its most recent Form 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 quarter. Empowered Funds LLC owned approximately 0.39% of AMCON Distributing worth $449,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.14% of the company’s stock.

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.