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

Analysts at StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a report issued on Tuesday. The firm set a “hold” rating on the stock.

AMCON Distributing Stock Performance

Shares of DIT opened at $149.44 on Tuesday. The company has a current ratio of 3.05, a quick ratio of 1.15 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $94.15 million, a PE ratio of 10.55 and a beta of 0.51. AMCON Distributing has a 52 week low of $119.34 and a 52 week high of $210.53.

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

Hedge Funds Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC increased its holdings in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,442 shares of the company’s stock after acquiring an additional 175 shares during the period. Empowered Funds LLC owned approximately 0.39% of AMCON Distributing worth $449,000 at the end of the most recent quarter. 11.14% of the stock is owned by hedge funds and other institutional investors.

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.