From MarketBeat:

StockNews.com has begun coverage of AMCON Distributing (NYSEAMERICAN:DIT) with a “hold” rating. Shares opened at $193.25, with a market cap of $121.75 million and price-to-earnings ratio of 9.94. The company reported $4.90 EPS for the quarter, with a net margin of 0.46% and a return on equity of 11.69%.

Institutional investors and hedge funds own 11.97% of AMCON Distributing stock. Renowned funds like Dimensional Fund Advisors LP and Renaissance Technologies LLC have increased their holdings in the company. AMCON Distributing operates in the wholesale distribution of consumer products in various regions of the US through its Wholesale Distribution and Retail Health Food segments.

AMCON Distributing Company’s stock performance has been rated a “hold” with maximum value throughout the year being $249.99 and a low of $154.04. With revenue of $692.52 million for the quarter, AMCON Distributing holds a debt-to-equity ratio of 1.46 and a quick ratio of 1.14. The firm’s 50-day moving average is $181.08.



Read more: StockNews.com Initiates Coverage on AMCON Distributing (NYSEAMERICAN:DIT)