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

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 Stock Performance

Shares of DIT stock opened at $136.89 on Wednesday. AMCON Distributing has a 12-month low of $118.25 and a 12-month high of $209.44. 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 company has a market cap of $88.98 million, a price-to-earnings ratio of 19.09 and a beta of 0.57.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC increased its stake in AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,756 shares of the company’s stock after purchasing an additional 134 shares during the period. Empowered Funds LLC owned approximately 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.