AMCON Distributing (NYSE:DIT) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of AMCON Distributing (NYSE:DIT – Get Rating) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

NYSE DIT opened at $162.43 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 3.51 and a debt-to-equity ratio of 0.67. AMCON Distributing has a 12-month low of $115.60 and a 12-month high of $270.00. The firm has a market capitalization of $94.70 million, a P/E ratio of 6.02 and a beta of 0.77. The firm has a 50 day simple moving average of $164.40.

About AMCON Distributing (Get Rating)

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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