Investment analysts at StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) in a note issued to investors on Tuesday. The brokerage set a "hold" rating on the stock.
AMCON Distributing Price Performance
Shares of NYSEAMERICAN:DIT traded up $8.02 during trading on Tuesday, hitting $132.85. 261 shares of the stock traded hands, compared to its average volume of 141. The company has a debt-to-equity ratio of 1.59, a current ratio of 3.05 and a quick ratio of 1.15. The firm has a market cap of $83.70 million, a price-to-earnings ratio of 13.25 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
A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC grew its holdings in shares of AMCON Distributing (NYSEAMERICAN:DIT - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,442 shares of the company's stock after purchasing an additional 175 shares during the quarter. Empowered Funds LLC owned approximately 0.39% of AMCON Distributing worth $449,000 at the end of the most recent quarter. Institutional investors own 11.14% of the company's stock.
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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