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

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

AMCON Distributing Stock Down 1.5 %

Shares of DIT stock opened at $135.01 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 2.46. AMCON Distributing has a 1 year low of $118.25 and a 1 year high of $209.50. The stock has a market cap of $87.76 million, a price-to-earnings ratio of 18.83 and a beta of 0.57.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC boosted its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,200 shares of the company’s stock after acquiring an additional 200 shares during the quarter. CM Management LLC owned about 1.30% of AMCON Distributing worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.