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

Analysts at StockNews.com initiated coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) in a report released on Sunday. The brokerage set a "hold" rating on the stock.

AMCON Distributing Stock Performance

Shares of NYSEAMERICAN:DIT traded down $8.21 during trading on Friday, reaching $108.55. The stock had a trading volume of 589 shares, compared to its average volume of 317. AMCON Distributing has a 52 week low of $99.87 and a 52 week high of $174.99. The firm has a market capitalization of $70.56 million, a price-to-earnings ratio of 15.14 and a beta of 0.57. The company has a quick ratio of 0.91, a current ratio of 2.46 and a debt-to-equity ratio of 1.23. The stock has a fifty day simple moving average of $124.06 and a two-hundred day simple moving average of $130.11.

About AMCON Distributing

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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