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

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

AMCON Distributing Stock Up 1.3 %

Shares of AMCON Distributing stock opened at $106.35 on Friday. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23. AMCON Distributing has a 12 month low of $99.87 and a 12 month high of $174.99. The business has a fifty day simple moving average of $122.90 and a 200 day simple moving average of $129.79. The stock has a market cap of $69.13 million, a PE ratio of 14.83 and a beta of 0.57.

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.