AMCON Distributing Company (NYSEAMERICAN:DIT - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $113.95 and traded as low as $112.50. AMCON Distributing shares last traded at $112.50, with a volume of 174 shares changing hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen initiated coverage on AMCON Distributing in a research report on Saturday, May 17th. They set a "hold" rating on the stock.
Get Our Latest Report on AMCON Distributing
AMCON Distributing Price Performance
The stock has a market capitalization of $76.60 million, a price-to-earnings ratio of 47.33 and a beta of 0.56. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.86 and a current ratio of 2.61. The company has a 50 day moving average of $108.43 and a 200 day moving average of $113.94.
AMCON Distributing Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.72 annualized dividend and a dividend yield of 0.61%. AMCON Distributing's dividend payout ratio is currently 10.04%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC increased its position in AMCON Distributing Company (NYSEAMERICAN:DIT - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 8,754 shares of the company's stock after purchasing an additional 421 shares during the period. CM Management LLC owned 1.36% of AMCON Distributing worth $1,027,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 11.14% of the company's stock.
AMCON Distributing Company Profile
(
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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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