AMCON Distributing (NYSEAMERICAN:DIT) Coverage Initiated at StockNews.com

by · The Cerbat Gem

Stock analysts at StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) in a research report issued on Sunday. The brokerage set a “hold” rating on the stock.

AMCON Distributing Stock Performance

AMCON Distributing stock opened at $136.10 on Friday. The company has a market capitalization of $85.74 million, a price-to-earnings ratio of 9.61 and a beta of 0.51. 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 twelve month low of $119.34 and a twelve month high of $209.50.

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

Institutional Trading of AMCON Distributing

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

About AMCON Distributing

(Get Free Report)

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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