Amcon Distributing (NASDAQ:DIT) Shares Down 1.4% – Here’s What Happened

Amcon Distributing Company (NASDAQ:DIT) shares traded down 1.4% on Tuesday . The company traded as low as $126.89 and last traded at $126.89. 42 shares changed hands during trading, a decline of 88% from the average session volume of 337 shares. The stock had previously closed at $128.65.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Amcon Distributing in a report on Monday, January 13th. They set a “hold” rating for the company.

Amcon Distributing Stock Down 8.1 %

The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.05 and a current ratio of 3.23. The stock has a market capitalization of $74.83 million, a P/E ratio of 19.47 and a beta of 0.56. The firm has a fifty day simple moving average of $129.61.

Amcon Distributing Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 7th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, February 7th. Amcon Distributing’s dividend payout ratio is currently 12.08%.

About Amcon Distributing

AMCON Distributing Co engages in the distribution of consumer products. It operates through the Wholesale Distribution (Wholesale) and Retail Health Food (Retail) segments. The Wholesale segment refers to the wholesale distribution of consumer products. The Retail segment focuses on the sale of health and natural food products.