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

Investment analysts at StockNews.com started coverage on shares of Amcon Distributing (NASDAQ:DIT) in a research note issued on Monday. The firm set a “hold” rating on the stock.

Amcon Distributing Trading Up 2.7 %

Shares of DIT stock opened at $129.00 on Monday. Amcon Distributing has a 1 year low of $118.25 and a 1 year 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 company has a market capitalization of $83.21 million, a P/E ratio of 17.99 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.