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 changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen assumed coverage on shares of AMCON Distributing in a research note on Saturday, May 17th. They set a "hold" rating for the company.
Check Out Our Latest Report on DIT
AMCON Distributing Stock Down 2.6%
The company has a debt-to-equity ratio of 1.40, a current ratio of 2.61 and a quick ratio of 0.86. The company has a market cap of $75.96 million, a price-to-earnings ratio of 46.93 and a beta of 0.56. The firm has a 50-day moving average price of $108.59 and a 200 day moving average price of $113.89.
AMCON Distributing Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 9th were given a dividend of $0.18 per share. The ex-dividend date was Friday, May 9th. This represents a $0.72 annualized dividend and a yield of 0.62%. AMCON Distributing's dividend payout ratio is 10.04%.
Institutional Trading of AMCON Distributing
A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC lifted its position in shares of 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 fund owned 8,754 shares of the company's stock after purchasing an additional 421 shares during the period. CM Management LLC owned about 1.36% of AMCON Distributing worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors 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.
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