AMCON Distributing (NYSEAMERICAN:DIT) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a report released on Sunday. The firm issued a hold rating on the stock.

AMCON Distributing Price Performance

Shares of DIT opened at $117.50 on Friday. The business has a 50-day moving average of $121.24 and a 200-day moving average of $129.30. AMCON Distributing has a 1 year low of $99.87 and a 1 year high of $166.00. The company has a market capitalization of $76.38 million, a price-to-earnings ratio of 16.39 and a beta of 0.57. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 0.91.

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.