AMCON Distributing (NYSEAMERICAN:DIT) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a note issued to investors on Saturday. The firm set a “hold” rating on the stock.

AMCON Distributing Stock Performance

NYSEAMERICAN DIT opened at $140.02 on Friday. The company has a market capitalization of $91.01 million, a P/E ratio of 19.53 and a beta of 0.57. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 2.46. AMCON Distributing has a one year low of $118.25 and a one year high of $209.50.

Hedge Funds Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC raised its stake in AMCON Distributing (NYSEAMERICAN:DIT) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,200 shares of the company’s stock after acquiring an additional 200 shares during the period. CM Management LLC owned 1.30% of AMCON Distributing worth $1,152,000 as of its most recent SEC filing. 11.14% of the stock is currently owned by hedge funds and other 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.