AMCON Distributing (NYSE:DIT) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of AMCON Distributing (NYSE:DITGet Rating) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Shares of AMCON Distributing stock opened at $165.50 on Wednesday. AMCON Distributing has a 52-week low of $122.85 and a 52-week high of $270.00. The company has a current ratio of 2.87, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. The business’s 50-day moving average price is $164.54. The firm has a market capitalization of $96.82 million, a price-to-earnings ratio of 5.94 and a beta of 0.67.

AMCON Distributing (NYSE:DITGet Rating) last issued its quarterly earnings results on Monday, April 18th. The company reported $5.19 earnings per share (EPS) for the quarter. AMCON Distributing had a net margin of 0.94% and a return on equity of 20.66%. The business had revenue of $391.89 million for the quarter.

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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