AMCON Distributing Company (NYSEAMERICAN:DIT - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $114.49 and traded as low as $109.00. AMCON Distributing shares last traded at $115.00, with a volume of 582 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen initiated coverage on shares of AMCON Distributing in a research report on Saturday, May 17th. They issued a "hold" rating for the company.
View Our Latest Report on DIT
AMCON Distributing Stock Up 2.7%
The company has a quick ratio of 0.86, a current ratio of 2.61 and a debt-to-equity ratio of 1.40. The company has a market cap of $74.75 million, a PE ratio of 46.18 and a beta of 0.58. The stock has a 50-day moving average of $108.13 and a 200-day moving average of $114.49.
AMCON Distributing Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.63%. AMCON Distributing's payout ratio is 10.04%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in AMCON Distributing stock. CM Management LLC raised 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 13F filing with the SEC. The institutional investor owned 8,754 shares of the company's stock after acquiring an additional 421 shares during the quarter. CM Management LLC owned approximately 1.36% of AMCON Distributing worth $1,027,000 at the end of the most recent quarter. Institutional investors and hedge funds own 11.14% of the company's stock.
About AMCON Distributing
(
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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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