Recent exceptional positive changes in investment behavior have benefitted AMCON Distributing Co (NYSEAMERICAN: DIT): the stock rose on very heavy volume, and positive upside/downside volume developed.
Recent notable positive changes in fundamentals have benefitted AMCON Distributing Co (NYSEAMERICAN: DIT): 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
DIT is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
AMCON Distributing has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. AMCON Distributing has a good Appreciation Score of 72 but a neutral Power Rating of 44, triggering the High Neutral Value Trend Rating.
Recent Price Action
AMCON Distributing Co (NYSEAMERICAN: DIT) stock increased 1.3% on 4/15/24. The shares closed at $175.49. 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 -0.7% during the last week.
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