AMCON Distributing Company (NYSEAMERICAN:DIT - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $115.40 and traded as low as $102.73. AMCON Distributing shares last traded at $106.90, with a volume of 735 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen started coverage on AMCON Distributing in a research report on Saturday, May 17th. They set a "hold" rating on the stock.
Check Out Our Latest Stock Analysis on AMCON Distributing
AMCON Distributing Trading Up 4.6%
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 business's 50-day moving average is $108.87 and its 200 day moving average is $115.40. The firm has a market capitalization of $69.49 million, a P/E ratio of 42.93 and a beta of 0.58.
AMCON Distributing Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 9th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.67%. AMCON Distributing's payout ratio is 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 position in shares of AMCON Distributing Company (NYSEAMERICAN:DIT - Free Report) by 5.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,754 shares of the company's stock after acquiring 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.
Further Reading
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