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

StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Free Report) in a research note published on Wednesday morning. The brokerage issued a hold rating on the stock.

AMCON Distributing Trading Down 1.3 %

AMCON Distributing stock traded down $1.63 during trading hours on Wednesday, reaching $122.40. 249 shares of the company's stock were exchanged, compared to its average volume of 305. The firm has a market capitalization of $79.56 million, a PE ratio of 17.07 and a beta of 0.57. 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 firm's 50 day simple moving average is $127.14 and its 200 day simple moving average is $131.30. AMCON Distributing has a twelve month low of $107.21 and a twelve month high of $183.50.

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.