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

Equities research analysts at StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research report issued on Sunday. The firm set a “hold” rating on the stock.

AMCON Distributing Trading Up 4.3 %

Shares of DIT opened at $146.00 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 0.91. AMCON Distributing has a fifty-two week low of $118.25 and a fifty-two week high of $209.50. The stock has a market cap of $94.90 million, a PE ratio of 20.36 and a beta of 0.57.

Hedge Funds Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC raised its position in AMCON Distributing (NYSEAMERICAN:DIT) by 5.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,756 shares of the company’s stock after acquiring an additional 134 shares during the period. Empowered Funds LLC owned approximately 0.44% of AMCON Distributing worth $399,000 at the end of the most recent reporting period. Institutional investors 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.