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

Equities researchers at StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) in a research note issued on Wednesday. The firm set a "hold" rating on the stock.

AMCON Distributing Trading Down 3.6 %

Shares of DIT traded down $4.70 during trading hours on Wednesday, hitting $125.12. 73 shares of the stock traded hands, compared to its average volume of 286. The company has a quick ratio of 1.15, a current ratio of 3.05 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $78.83 million, a PE ratio of 12.94 and a beta of 0.51. AMCON Distributing has a 1-year low of $118.25 and a 1-year high of $209.50.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC lifted its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT - Free Report) by 7.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,442 shares of the company's stock after buying an additional 175 shares during the period. Empowered Funds LLC owned about 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.

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.