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

StockNews.com began coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

AMCON Distributing Stock Down 0.4 %

DIT stock traded down $0.49 during midday trading on Thursday, reaching $117.00. 239 shares of the company’s stock traded hands, compared to its average volume of 327. The company has a current ratio of 2.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.23. The stock has a market cap of $76.05 million, a P/E ratio of 16.32 and a beta of 0.57. The business has a 50-day moving average of $127.62. AMCON Distributing has a 1-year low of $107.21 and a 1-year 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.