AMCON Distributing (NYSEAMERICAN:DIT) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the stock.

AMCON Distributing Trading Down 3.0 %

Shares of DIT opened at $138.69 on Thursday. The company has a current ratio of 2.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $90.15 million, a price-to-earnings ratio of 19.34 and a beta of 0.57. AMCON Distributing has a fifty-two week low of $118.25 and a fifty-two week high of $209.50.

Institutional Investors Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC lifted its stake in AMCON Distributing (NYSEAMERICAN:DIT) by 2.5% in the second quarter, according to the company in 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 period. CM Management LLC owned 1.30% of AMCON Distributing worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission. 11.14% of the stock is currently owned by hedge funds and other 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.