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

StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Free Report) in a report released on Sunday. The brokerage issued a hold rating on the stock.

AMCON Distributing Price Performance

Shares of AMCON Distributing stock traded up $2.71 during trading on Friday, hitting $118.96. The stock had a trading volume of 32 shares, compared to its average volume of 312. The firm has a market cap of $77.32 million, a price-to-earnings ratio of 16.59 and a beta of 0.57. AMCON Distributing has a 12 month low of $99.87 and a 12 month high of $166.00. The business's 50-day moving average is $120.58 and its 200 day moving average is $129.08. The company has a current ratio of 2.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.23.

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.