AMCON Distributing (NYSEAMERICAN:DIT) Earns Hold Rating from Analysts at StockNews.com

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

AMCON Distributing Price Performance

NYSEAMERICAN:DIT opened at $137.30 on Wednesday. The firm has a market capitalization of $86.50 million, a price-to-earnings ratio of 9.70 and a beta of 0.51. The company has a debt-to-equity ratio of 1.59, a current ratio of 3.05 and a quick ratio of 1.15. AMCON Distributing has a 1 year low of $119.34 and a 1 year high of $210.53.

AMCON Distributing (NYSEAMERICAN:DIT) last announced its quarterly earnings data on Thursday, July 18th. The company reported $2.46 earnings per share (EPS) for the quarter. The business had revenue of $717.85 million for the quarter. AMCON Distributing had a return on equity of 5.65% and a net margin of 0.23%.

Institutional Trading of AMCON Distributing

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC raised its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,442 shares of the company’s stock after buying 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 reporting period. 11.14% of the stock is currently owned by institutional investors.

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.