AMCON Distributing (NYSEAMERICAN:DIT) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research report issued on Saturday. The brokerage set a “hold” rating on the stock.

AMCON Distributing Stock Performance

Shares of NYSEAMERICAN DIT opened at $143.43 on Friday. The company has a current ratio of 3.05, a quick ratio of 1.15 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $90.36 million, a P/E ratio of 10.13 and a beta of 0.56. AMCON Distributing has a fifty-two week low of $119.34 and a fifty-two week high of $220.00.

AMCON Distributing (NYSEAMERICAN:DIT) last issued its quarterly earnings results on Thursday, July 18th. The company reported $2.46 EPS for the quarter. AMCON Distributing had a return on equity of 5.65% and a net margin of 0.23%. The firm had revenue of $717.85 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC grew its holdings in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,442 shares of the company’s stock after acquiring an additional 175 shares during the quarter. Empowered Funds LLC owned 0.39% of AMCON Distributing worth $449,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.