StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a research report released on Sunday. The brokerage issued a hold rating on the stock.
AMCON Distributing Price Performance
Shares of DIT stock opened at $141.10 on Friday. The firm has a market cap of $88.89 million, a PE ratio of 9.96 and a beta of 0.56. AMCON Distributing has a 12-month low of $119.34 and a 12-month high of $249.99. The company has a quick ratio of 1.02, a current ratio of 2.50 and a debt-to-equity ratio of 1.07.
AMCON Distributing (NYSEAMERICAN:DIT – Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The company reported $0.89 EPS for the quarter. AMCON Distributing had a net margin of 0.32% and a return on equity of 8.11%. The company had revenue of $601.88 million during the quarter.
AMCON Distributing Dividend Announcement
Hedge Funds Weigh In On AMCON Distributing
An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC boosted its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 7.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,442 shares of the company’s stock after acquiring 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 quarter. 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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