Amcon Distributing (NASDAQ:DIT) Trading Up 3.4% - What's Next?

Amcon Distributing Company (NASDAQ:DIT - Get Free Report) rose 3.4% during trading on Wednesday . The stock traded as high as $123.00 and last traded at $121.00. Approximately 152 shares were traded during trading, a decline of 51% from the average daily volume of 309 shares. The stock had previously closed at $117.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Amcon Distributing in a research note on Monday, January 13th. They issued a "hold" rating on the stock.

Amcon Distributing Stock Performance

The company has a market cap of $78.95 million, a price-to-earnings ratio of 20.54 and a beta of 0.53. The firm's 50 day moving average price is $127.66. The company has a current ratio of 3.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.61.

Amcon Distributing Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 7th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.59%. Amcon Distributing's payout ratio is 12.08%.

Amcon Distributing Company Profile

AMCON Distributing Co engages in the distribution of consumer products. It operates through the Wholesale Distribution (Wholesale) and Retail Health Food (Retail) segments. The Wholesale segment refers to the wholesale distribution of consumer products. The Retail segment focuses on the sale of health and natural food products.