Investment analysts at StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) in a research note issued on Tuesday. The brokerage set a "hold" rating on the stock.
AMCON Distributing Trading Up 5.9 %
DIT stock traded up $6.53 during trading on Tuesday, hitting $117.50. 1,069 shares of the company traded hands, compared to its average volume of 316. The company has a 50-day moving average of $126.47 and a 200-day moving average of $130.69. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 2.46. AMCON Distributing has a 1 year low of $99.87 and a 1 year high of $183.50. The firm has a market capitalization of $76.38 million, a PE ratio of 16.39 and a beta of 0.57.
AMCON Distributing Company Profile
(
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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.
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