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

Equities research analysts at StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) in a research report issued on Saturday. The brokerage set a "hold" rating on the stock.

AMCON Distributing Trading Down 0.4%

Shares of DIT traded down $0.50 on Friday, hitting $116.50. 272 shares of the stock traded hands, compared to its average volume of 307. The stock's 50 day moving average is $119.93 and its two-hundred day moving average is $128.94. 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 has a market capitalization of $75.73 million, a P/E ratio of 16.25 and a beta of 0.57. AMCON Distributing has a 1 year low of $99.87 and a 1 year high of $166.00.

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.