StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a research note released on Wednesday. The firm issued a hold rating on the stock.
AMCON Distributing Trading Down 3.1 %
DIT stock opened at $140.46 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 2.50 and a debt-to-equity ratio of 1.07. The firm has a market cap of $88.49 million, a PE ratio of 9.92 and a beta of 0.55. AMCON Distributing has a fifty-two week low of $129.85 and a fifty-two week high of $249.99.
AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) last issued its earnings results on Thursday, April 18th. The company reported $0.89 EPS for the quarter. AMCON Distributing had a return on equity of 8.11% and a net margin of 0.32%. The business had revenue of $601.88 million during the quarter.
AMCON Distributing Dividend Announcement
Institutional Inflows and Outflows
A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC grew its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 7.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,442 shares of the company’s stock after acquiring an additional 175 shares during the quarter. Empowered Funds LLC owned about 0.39% of AMCON Distributing worth $449,000 at the end of the most recent quarter. 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.
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