Equities researchers at StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) in a report issued on Wednesday. The firm set a “hold” rating on the stock.
AMCON Distributing Stock Performance
Shares of DIT opened at $136.89 on Wednesday. The company has a market cap of $88.98 million, a price-to-earnings ratio of 19.09 and a beta of 0.57. AMCON Distributing has a one year low of $118.25 and a one year high of $209.44. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 0.91.
Institutional Investors Weigh In On AMCON Distributing
A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC grew its position in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,756 shares of the company’s stock after purchasing an additional 134 shares during the quarter. Empowered Funds LLC owned approximately 0.44% of AMCON Distributing worth $399,000 as of its most recent SEC filing. Institutional investors and hedge funds 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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