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

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

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

AMCON Distributing Stock Down 1.7 %

Shares of DIT stock opened at $158.20 on Friday. The stock has a market capitalization of $99.67 million, a price-to-earnings ratio of 11.17 and a beta of 0.50. 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 52 week low of $135.70 and a 52 week high of $249.99.

AMCON Distributing (NYSEAMERICAN:DIT) last posted its earnings results on Thursday, April 18th. The company reported $0.89 earnings per share for the quarter. The firm 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%.

Hedge Funds Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC increased its holdings in AMCON Distributing (NYSEAMERICAN:DIT) by 20.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,240 shares of the company’s stock after purchasing an additional 1,240 shares during the period. AMCON Distributing makes up about 1.5% of CM Management LLC’s holdings, making the stock its 22nd biggest holding. CM Management LLC owned approximately 1.19% of AMCON Distributing worth $1,491,000 at the end of the most recent quarter. 11.14% of the stock is owned by institutional investors.

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.