StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) in a research note issued to investors on Monday. The brokerage set a "hold" rating on the stock.
AMCON Distributing Stock Performance
DIT stock traded up $9.96 during midday trading on Monday, hitting $134.79. 94 shares of the company's stock were exchanged, compared to its average volume of 280. The company has a current ratio of 3.05, a quick ratio of 1.15 and a debt-to-equity ratio of 1.59. The firm has a market cap of $84.92 million, a PE ratio of 17.41 and a beta of 0.54. AMCON Distributing has a one year low of $118.25 and a one year high of $209.50.
Institutional Trading of AMCON Distributing
An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC increased its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT - Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,442 shares of the company's stock after acquiring an additional 175 shares during the period. Empowered Funds LLC owned about 0.39% of AMCON Distributing worth $449,000 as of its most recent filing with the SEC. Institutional investors own 11.14% of the company's stock.
AMCON Distributing Company Profile
(
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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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