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

Amcon Distributing Company (NASDAQ:DIT)’s stock price dropped 1.4% on Tuesday . The stock traded as low as $126.89 and last traded at $126.89. Approximately 42 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 337 shares. The stock had previously closed at $128.65.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Amcon Distributing in a research note on Monday, January 13th. They issued a “hold” rating for the company.

Amcon Distributing Price Performance

The company has a quick ratio of 1.05, a current ratio of 3.23 and a debt-to-equity ratio of 1.61. The business has a 50-day simple moving average of $129.61. The company has a market capitalization of $74.83 million, a PE ratio of 19.47 and a beta of 0.56.

Amcon Distributing Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 7th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.72 dividend on an annualized basis and a yield of 0.62%. Amcon Distributing’s dividend payout ratio (DPR) is 12.08%.

Amcon Distributing Company Profile

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.