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

Analysts at StockNews.com started 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

NYSEAMERICAN DIT opened at $149.44 on Tuesday. The firm has a market capitalization of $94.15 million, a price-to-earnings ratio of 10.55 and a beta of 0.51. AMCON Distributing has a 1 year low of $119.34 and a 1 year high of $210.53. 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 (NYSEAMERICAN:DIT) last announced its earnings results on Thursday, July 18th. The company reported $2.46 earnings per share (EPS) for the quarter. The firm had revenue of $717.85 million during the quarter. AMCON Distributing had a return on equity of 5.65% and a net margin of 0.23%.

Institutional Investors Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC raised its position in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,442 shares of the company’s stock after buying an additional 175 shares during the quarter. Empowered Funds LLC owned about 0.39% of AMCON Distributing worth $449,000 as of its most recent filing with the SEC. Institutional investors 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.