StockNews.com Begins Coverage on AMCON Distributing (NYSEAMERICAN:DIT)

Equities researchers 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

DIT stock opened at $125.13 on Friday. AMCON Distributing has a 52-week low of $118.25 and a 52-week high of $209.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 2.46. The firm has a market cap of $81.33 million, a PE ratio of 17.45 and a beta of 0.54.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC lifted its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,200 shares of the company’s stock after acquiring an additional 200 shares during the quarter. CM Management LLC owned 1.30% of AMCON Distributing worth $1,152,000 as of its most recent filing with the SEC. 11.14% of the stock is currently 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.