StockNews.com Initiates Coverage on Amcon Distributing (NASDAQ:DIT)

Equities researchers at StockNews.com initiated coverage on shares of Amcon Distributing (NASDAQ:DIT) in a research report issued on Monday. The firm set a “hold” rating on the stock.

Amcon Distributing Trading Down 1.9 %

Shares of Amcon Distributing stock traded down $2.38 on Monday, hitting $125.62. 671 shares of the company traded hands, compared to its average volume of 310. Amcon Distributing has a 52 week low of $118.25 and a 52 week high of $209.44. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 0.91. The stock has a market cap of $81.02 million, a P/E ratio of 17.52 and a beta of 0.58.

Amcon Distributing Company Profile

AMCON Distributing Co engages in the distribution of consumer products. It operates through the Wholesale Distribution (Wholesale) and Retail Health Food (Retail) segments. The Wholesale segment refers to the wholesale distribution of consumer products. The Retail segment focuses on the sale of health and natural food products.