Extremely important positive changes in investment behavior have recently occurred for AMCON Distributing Co (NYSEAMERICAN: DIT): the stock rose on very heavy volume, and positive upside/downside volume developed.
Notable positive changes in AMCON Distributing Co (NYSEAMERICAN: DIT) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DIT is expected to continue to be a modest Value Builder.
AMCON Distributing has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. AMCON Distributing has a slightly positive Appreciation Score of 68 and a neutral Power Rating of 48, triggering the Neutral Value Trend Rating.
Recent Price Action
AMCON Distributing Co (NYSEAMERICAN: DIT) stock rose modestly by 0.4% on 3/15/24. The stock closed at $192.00. Moreover, trading volume in this advance was exceptionally high at 213% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.5% during the last week.
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