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

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

AMCON Distributing Trading Up 2.3 %

Shares of NYSEAMERICAN DIT opened at $137.30 on Wednesday. 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 stock has a market cap of $86.50 million, a PE ratio of 9.70 and a beta of 0.51. AMCON Distributing has a 1 year low of $119.34 and a 1 year high of $210.53.

AMCON Distributing (NYSEAMERICAN:DIT) last announced its quarterly earnings results on Thursday, July 18th. The company reported $2.46 earnings per share for the quarter. The business 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%.

Institutional Trading of AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC increased its stake in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,442 shares of the company’s stock after buying 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 quarter. Institutional investors and hedge funds own 11.14% of the company’s stock.

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.