AMCON Distributing (NYSEAMERICAN:DIT) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com initiated 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

NYSEAMERICAN:DIT opened at $140.46 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 1.02 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $88.49 million, a PE ratio of 9.92 and a beta of 0.55. AMCON Distributing has a fifty-two week low of $129.85 and a fifty-two week high of $249.99.

AMCON Distributing (NYSEAMERICAN:DIT) last issued its quarterly earnings results on Thursday, April 18th. The company reported $0.89 earnings per share (EPS) for the quarter. The business had revenue of $601.88 million for the quarter. AMCON Distributing had a return on equity of 8.11% and a net margin of 0.32%.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC raised its holdings in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,442 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Empowered Funds LLC owned 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.