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

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

AMCON Distributing Stock Performance

AMCON Distributing stock opened at $143.99 on Tuesday. The stock has a market cap of $90.71 million, a price-to-earnings ratio of 10.17 and a beta of 0.55. 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 1 year low of $135.70 and a 1 year high of $249.99.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC increased its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,442 shares of the company’s stock after purchasing 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 institutional investors and hedge funds.

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.