StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) in a research note issued to investors on Friday. The brokerage issued a hold rating on the stock.
AMCON Distributing Price Performance
NYSEAMERICAN:DIT opened at $140.00 on Friday. The stock has a market capitalization of $88.20 million, a PE ratio of 13.96 and a beta of 0.51. AMCON Distributing has a twelve month low of $119.34 and a twelve month high of $209.50. 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 (NYSEAMERICAN:DIT – Get Free Report) last released its quarterly earnings data on Thursday, July 18th. The company reported $2.46 EPS for the quarter. The company had revenue of $717.85 million during the quarter. AMCON Distributing had a net margin of 0.23% and a return on equity of 5.65%.
AMCON Distributing Dividend Announcement
Institutional Inflows and Outflows
An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC increased its position in shares of AMCON Distributing (NYSEAMERICAN:DIT – Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,200 shares of the company’s stock after purchasing an additional 200 shares during the period. CM Management LLC owned 1.30% of AMCON Distributing worth $1,152,000 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.
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