AMCON Distributing (NYSEAMERICAN:DIT) Now Covered by Analysts at StockNews.com
StockNews.com has initiated coverage on AMCON Distributing (NYSEAMERICAN:DIT), assigning a "hold" rating. The stock recently fell by 2.0%, trading at $120.00. AMCON Distributing operates in wholesale distribution of consumer products across various U.S. regions, with a market cap of $78 million and a PE ratio of 16.74. The company has a debt-to-equity ratio of 1.23 and a current ratio of 2.46. Despite the hold rating, analysts suggest there are better investment options available.
Stock analysts at StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) in a research note issued to investors on Tuesday. The firm set a "hold" rating on the stock.
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AMCON Distributing Stock Down 2.0 %
Shares of NYSEAMERICAN:DIT traded down $2.40 during trading on Tuesday, hitting $120.00. The company's stock had a trading volume of 541 shares, compared to its average volume of 308. AMCON Distributing has a fifty-two week low of $107.21 and a fifty-two week high of $183.50. The stock's 50-day moving average price is $127.04 and its two-hundred day moving average price is $131.16. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 2.46. The company has a market capitalization of $78 million, a PE ratio of 16.74 and a beta of 0.57.
About AMCON Distributing
(Get Free Report)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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