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

StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating on the stock.

AMCON Distributing Stock Up 0.2 %

Shares of NYSEAMERICAN DIT traded up $0.23 during mid-day trading on Wednesday, reaching $121.23. 210 shares of the company were exchanged, compared to its average volume of 306. The firm has a 50-day moving average of $126.96 and a 200 day moving average of $131.46. AMCON Distributing has a 1 year low of $107.21 and a 1 year high of $183.50. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23. The stock has a market cap of $78.80 million, a price-to-earnings ratio of 16.91 and a beta of 0.57.

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.