Amcon Distributing (NASDAQ:DIT) Shares Down 1.4% – Should You Sell?

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

Analyst Upgrades and Downgrades

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

Amcon Distributing Stock Down 1.4 %

The company has a market cap of $81.84 million, a price-to-earnings ratio of 21.29 and a beta of 0.56. 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 company has a 50 day simple moving average of $129.97.

Amcon Distributing Dividend Announcement

The firm also recently declared 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. This represents a $0.72 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 7th. Amcon Distributing’s dividend payout ratio is presently 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.