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

StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research report sent to investors on Sunday. The firm issued a hold rating on the stock.

Separately, TheStreet cut AMCON Distributing from a b- rating to a c rating in a research note on Thursday, January 18th.

AMCON Distributing Stock Performance

DIT stock opened at $161.00 on Friday. The company has a quick ratio of 1.02, a current ratio of 2.50 and a debt-to-equity ratio of 1.07. AMCON Distributing has a twelve month low of $135.70 and a twelve month high of $249.99. The firm has a market cap of $101.43 million, a PE ratio of 11.37 and a beta of 0.50.

AMCON Distributing (NYSEAMERICAN:DIT) last announced its quarterly earnings data on Thursday, April 18th. The company reported $0.89 EPS for the quarter. AMCON Distributing had a return on equity of 8.11% and a net margin of 0.32%. The business had revenue of $601.88 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC grew its position in AMCON Distributing (NYSEAMERICAN:DIT) by 20.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,240 shares of the company’s stock after purchasing an additional 1,240 shares during the period. AMCON Distributing makes up approximately 1.5% of CM Management LLC’s investment portfolio, making the stock its 22nd largest holding. CM Management LLC owned 1.19% of AMCON Distributing worth $1,491,000 at the end of the most recent reporting period. 11.14% of the stock is owned by institutional investors.

About AMCON Distributing

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.