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

Research analysts at StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

AMCON Distributing Price Performance

Shares of NYSEAMERICAN DIT opened at $128.16 on Thursday. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23. The company has a market cap of $83.30 million, a P/E ratio of 17.87 and a beta of 0.57. AMCON Distributing has a 52 week low of $118.25 and a 52 week high of $209.44.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC increased its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,756 shares of the company’s stock after buying an additional 134 shares during the period. Empowered Funds LLC owned 0.44% of AMCON Distributing worth $399,000 as of its most recent filing with the SEC. Institutional investors own 11.14% of the company’s stock.

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.