StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a report published on Wednesday morning. The firm issued a hold rating on the stock.
AMCON Distributing Price Performance
Shares of NYSEAMERICAN:DIT traded up $0.99 during mid-day trading on Wednesday, reaching $151.99. The stock had a trading volume of 144 shares, compared to its average volume of 323. 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 1 year low of $119.34 and a 1 year high of $230.00. The company has a market capitalization of $95.75 million, a P/E ratio of 10.73 and a beta of 0.56.
AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) last posted its earnings results on Thursday, July 18th. The company reported $2.46 earnings per share for the quarter. AMCON Distributing had a net margin of 0.23% and a return on equity of 5.65%. The firm had revenue of $717.85 million during the quarter.
AMCON Distributing Announces Dividend
Institutional Trading of AMCON Distributing
An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC raised its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 7.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,442 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Empowered Funds LLC owned 0.39% of AMCON Distributing worth $449,000 at the end of the most recent reporting period. Hedge funds and other 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.
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