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

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

AMCON Distributing Trading Up 0.4 %

DIT opened at $141.00 on Tuesday. The firm has a market cap of $88.83 million, a price-to-earnings ratio of 9.96 and a beta of 0.56. AMCON Distributing has a fifty-two week low of $129.85 and a fifty-two week high of $249.99. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.02 and a current ratio of 2.50.

AMCON Distributing (NYSEAMERICAN:DIT) last released its quarterly earnings data on Thursday, April 18th. The company reported $0.89 earnings per share for the quarter. AMCON Distributing had a return on equity of 8.11% and a net margin of 0.32%. The company had revenue of $601.88 million for the quarter.

Hedge Funds Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC lifted its holdings in AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,442 shares of the company’s stock after buying an additional 175 shares during the quarter. Empowered Funds LLC owned about 0.39% of AMCON Distributing worth $449,000 at the end of the most recent quarter. 11.14% of the stock is 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.