DIT Stock Summary and Trading Ideas (Amcon Distributing Company | AMEX:DIT)

Amcon Distributing Co is engaged in the wholesale and retail distribution of consumer products such as cigarettes, tobacco, confectionery, health food, and others. It operates in two segments: Wholesale distribution segment distributing consumer products to the retail outlets including convenience stores, grocery stores, liquor stores, drug stores, and tobacco shops in the Central, Rocky Mountain, and Southern regions of the United States; and the Retail health food segment is a specialty retailer of natural/organic groceries and dietary supplements throughout the Midwest and Florida. The company earns a majority of the revenue from the Wholesale distribution segment.

Amcon Distributing Company trades on the AMEX stock market under the symbol DIT.

As of April 18, 2024, DIT stock price climbed to $183.50 with 437 million shares trading.

DIT has a market cap of $115.67 million. This is considered a Micro Cap stock.

In the last 3 years, DIT stock traded as high as $270.00 and as low as $115.60.

The top ETF exchange traded funds that DIT belongs to (by Net Assets): VTI, BSVO, VXF, DFAT, DFAS.

DIT has underperformed the market in the last year with a return of +7.3%, while the SPY ETF gained +22.3%. In the last 3 month period, DIT fell short of the market, returning -10.4%, while SPY returned +6.1%. However, in the most recent 2 weeks DIT has outperformed the stock market by returning +5.1%, while SPY returned -3.8%.

DIT support price is $168.51 and resistance is $182.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DIT stock will trade within this expected range on the day.