StockNews.com Initiates Coverage on AMCON Distributing (NYSEAMERICAN:DIT)

Equities research analysts at StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research note issued to investors on Monday. The firm set a “hold” rating on the stock.

AMCON Distributing Stock Performance

NYSEAMERICAN:DIT opened at $141.33 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.02 and a current ratio of 2.50. AMCON Distributing has a 52 week low of $129.85 and a 52 week high of $249.99. The firm has a market cap of $89.04 million, a price-to-earnings ratio of 9.98 and a beta of 0.56.

AMCON Distributing (NYSEAMERICAN:DIT) last announced its quarterly earnings data 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

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC boosted its holdings in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 approximately 0.39% of AMCON Distributing worth $449,000 at the end of the most recent quarter. 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.