AMCON Distributing Company (NYSEAMERICAN:DIT - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $113.89 and traded as low as $110.00. AMCON Distributing shares last traded at $119.96, with a volume of 225 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen initiated coverage on shares of AMCON Distributing in a report on Saturday, May 17th. They set a "hold" rating for the company.
Read Our Latest Analysis on DIT
AMCON Distributing Price Performance
The firm's fifty day moving average price is $108.66 and its 200 day moving average price is $113.81. The firm has a market capitalization of $74.11 million, a PE ratio of 45.79 and a beta of 0.56. The company has a current ratio of 2.61, a quick ratio of 0.86 and a debt-to-equity ratio of 1.40.
AMCON Distributing Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were given a $0.18 dividend. The ex-dividend date was Friday, May 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.63%. AMCON Distributing's dividend payout ratio (DPR) is currently 10.04%.
Hedge Funds Weigh In On AMCON Distributing
A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC lifted its holdings in AMCON Distributing Company (NYSEAMERICAN:DIT - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,754 shares of the company's stock after buying an additional 421 shares during the period. CM Management LLC owned approximately 1.36% of AMCON Distributing worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 11.14% of the company's stock.
About AMCON Distributing
(
Get Free Report)
AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. It operates through Wholesale Distribution and Retail Health Food segments. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and refrigerated products, and institutional foodservice products.
Recommended Stories
Before you consider AMCON Distributing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AMCON Distributing wasn't on the list.
While AMCON Distributing currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
