Stock analysts at StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) in a report issued on Sunday. The firm set a "hold" rating on the stock.
AMCON Distributing Stock Performance
DIT remained flat at $131.78 during trading on Friday. The company's stock had a trading volume of 14 shares, compared to its average volume of 135. The company has a current ratio of 2.46, a quick ratio of 1.15 and a debt-to-equity ratio of 1.23. The company has a market cap of $85.66 million, a P/E ratio of 18.38 and a beta of 0.54. AMCON Distributing has a 52-week low of $118.25 and a 52-week high of $209.50.
Institutional Investors Weigh In On AMCON Distributing
An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC grew its holdings in AMCON Distributing (NYSEAMERICAN:DIT - Free Report) by 2.5% during the second quarter, according to its most recent disclosure with the Securities & 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 about 1.30% of AMCON Distributing worth $1,152,000 at the end of the most recent quarter. 11.14% of the stock is currently owned by institutional investors and hedge funds.
About AMCON Distributing
(
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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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