StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a research note released on Thursday morning. The firm issued a hold rating on the stock.
AMCON Distributing Stock Performance
Shares of NYSEAMERICAN DIT traded down $7.52 during midday trading on Thursday, hitting $142.00. 12 shares of the company’s stock were exchanged, compared to its average volume of 324. The company has a current ratio of 3.05, a quick ratio of 1.15 and a debt-to-equity ratio of 1.59. AMCON Distributing has a 12 month low of $119.34 and a 12 month high of $247.34. The company has a market capitalization of $89.46 million, a P/E ratio of 13.86 and a beta of 0.56.
AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) last issued its earnings results on Thursday, July 18th. The company reported $2.46 EPS for the quarter. AMCON Distributing had a return on equity of 5.65% and a net margin of 0.23%. The company had revenue of $717.85 million during the quarter.
AMCON Distributing Announces Dividend
Institutional Trading of AMCON Distributing
A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC increased its position in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 7.7% in the 1st 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 purchasing an additional 175 shares during the period. Empowered Funds LLC owned approximately 0.39% of AMCON Distributing worth $449,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 11.14% of the company’s stock.
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.
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