AMCON Distributing Company (NYSEAMERICAN:DIT - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $113.65 and traded as low as $110.00. AMCON Distributing shares last traded at $115.00, with a volume of 360 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen initiated coverage on AMCON Distributing in a research note on Saturday, May 17th. They set a "hold" rating for the company.
Read Our Latest Research Report on AMCON Distributing
AMCON Distributing Stock Performance
The stock has a market capitalization of $75.23 million, a price-to-earnings ratio of 53.58 and a beta of 0.56. The firm has a fifty day moving average of $109.00 and a 200 day moving average of $113.65. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.74 and a quick ratio of 0.86.
AMCON Distributing Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 9th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Friday, May 9th. AMCON Distributing's payout ratio is currently 10.04%.
Hedge Funds Weigh In On AMCON Distributing
An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC grew its position in AMCON Distributing Company (NYSEAMERICAN:DIT - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 about 1.36% of AMCON Distributing worth $1,027,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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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