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

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

AMCON Distributing Trading Up 3.0 %

Shares of DIT stock opened at $140.02 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 0.91. The firm has a market cap of $91.01 million, a P/E ratio of 19.53 and a beta of 0.57. AMCON Distributing has a 12 month low of $118.25 and a 12 month high of $209.50.

Institutional Trading of AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC lifted its position in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,756 shares of the company’s stock after purchasing an additional 134 shares during the period. Empowered Funds LLC owned about 0.44% of AMCON Distributing worth $399,000 at the end of the most recent reporting period. 11.14% of the stock is owned by institutional investors and hedge funds.

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.