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

Equities research analysts at StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.

AMCON Distributing Price Performance

AMCON Distributing stock opened at $139.00 on Wednesday. AMCON Distributing has a one year low of $118.25 and a one year 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 $90.35 million, a price-to-earnings ratio of 19.39 and a beta of 0.57.

Institutional Trading of AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC increased its position in AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,756 shares of the company’s stock after acquiring an additional 134 shares during the quarter. Empowered Funds LLC owned about 0.44% of AMCON Distributing worth $399,000 at the end of the most recent quarter. 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.