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

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

AMCON Distributing Price Performance

Shares of AMCON Distributing stock traded up $0.91 during trading hours on Friday, reaching $112.75. The company's stock had a trading volume of 253 shares, compared to its average volume of 296. The firm has a 50 day moving average price of $118.24 and a 200-day moving average price of $128.26. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 0.91. The stock has a market cap of $73.29 million, a P/E ratio of 15.73 and a beta of 0.57. AMCON Distributing has a one year low of $99.87 and a one 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.