AMCON Distributing (NYSEAMERICAN:DIT) Research Coverage Started at StockNews.com

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

AMCON Distributing Stock Down 0.7 %

DIT stock opened at $146.80 on Monday. The company has a market cap of $92.48 million, a P/E ratio of 10.37 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. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.15 and a current ratio of 3.05.

AMCON Distributing (NYSEAMERICAN:DIT) 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.

Institutional Investors Weigh In On AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC increased its position in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,200 shares of the company’s stock after purchasing an additional 200 shares during the period. CM Management LLC owned 1.30% of AMCON Distributing worth $1,152,000 at the end of the most recent reporting period. 11.14% of the stock is owned by 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.