AMCON Distributing Co (NYSEAMERICAN: DIT) stock closed at $149.44 on 9/25/24 after a major increase of 10.0%. However, trading volume in this advance was exceptionally low at 0% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 7.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. AMCON Distributing has a good Appreciation Score of 83 but a slightly negative Power Rating of 37, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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