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

Research analysts at StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

Separately, TheStreet cut AMCON Distributing from a “b-” rating to a “c” rating in a report on Thursday, January 18th.

AMCON Distributing Stock Up 2.8 %

Shares of DIT opened at $160.00 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.02 and a current ratio of 2.50. AMCON Distributing has a twelve month low of $135.70 and a twelve month high of $249.99. The company has a market capitalization of $100.80 million, a price-to-earnings ratio of 11.30 and a beta of 0.55.

AMCON Distributing (NYSEAMERICAN:DIT) last posted its quarterly earnings results on Thursday, April 18th. The company reported $0.89 earnings per share (EPS) for the quarter. The company had revenue of $601.88 million during the quarter. AMCON Distributing had a net margin of 0.32% and a return on equity of 8.11%.

Institutional Trading of AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC increased its position in AMCON Distributing (NYSEAMERICAN:DIT) by 20.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,240 shares of the company’s stock after purchasing an additional 1,240 shares during the quarter. AMCON Distributing accounts for 1.5% of CM Management LLC’s portfolio, making the stock its 22nd largest position. CM Management LLC owned 1.19% of AMCON Distributing worth $1,491,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.