StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a report issued on Wednesday morning. The firm issued a hold rating on the stock.
AMCON Distributing Price Performance
Shares of AMCON Distributing stock opened at $134.21 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 3.05 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $84.55 million, a price-to-earnings ratio of 9.48 and a beta of 0.51. AMCON Distributing has a fifty-two week low of $119.34 and a fifty-two week high of $210.53.
AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) last posted 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.
AMCON Distributing Announces Dividend
Hedge Funds Weigh In On AMCON Distributing
An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC lifted its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,442 shares of the company’s stock after purchasing an additional 175 shares during the period. Empowered Funds LLC owned 0.39% of AMCON Distributing worth $449,000 at the end of the most recent reporting period. 11.14% of the stock is owned by hedge funds and other institutional investors.
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.
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