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

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

AMCON Distributing Stock Down 5.0 %

NYSEAMERICAN DIT opened at $130.02 on Wednesday. The firm has a market cap of $84.51 million, a price-to-earnings ratio of 18.13 and a beta of 0.57. The company has a current ratio of 2.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.23. AMCON Distributing has a fifty-two week low of $118.25 and a fifty-two week high of $209.44.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC increased its position in AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,756 shares of the company’s stock after buying an additional 134 shares during the quarter. Empowered Funds LLC owned 0.44% of AMCON Distributing worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 11.14% of the stock is currently owned by 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.