Stock analysts at StockNews.com started coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a "hold" rating on the stock.
AMCON Distributing Price Performance
DIT stock traded up $6.53 during trading on Tuesday, reaching $117.50. 1,069 shares of the company were exchanged, compared to its average volume of 316. AMCON Distributing has a 52-week low of $99.87 and a 52-week high of $183.50. 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 cap of $76.38 million, a P/E ratio of 16.39 and a beta of 0.57. The stock's 50 day moving average price is $126.47 and its 200 day moving average price is $130.69.
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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