Amcon Distributing (NASDAQ:DIT) Shares Up 3.4% – Still a Buy?

Amcon Distributing Company (NASDAQ:DIT)’s share price rose 3.4% on Wednesday . The stock traded as high as $123.00 and last traded at $121.00. Approximately 152 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 309 shares. The stock had previously closed at $117.00.

Analyst Ratings Changes

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

Amcon Distributing Price Performance

The firm has a market cap of $78.05 million, a P/E ratio of 20.30 and a beta of 0.53. The company has a current ratio of 3.23, a quick ratio of 1.05 and a debt-to-equity ratio of 1.61. The business has a 50-day moving average price of $127.81.

Amcon Distributing Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 annualized dividend and a dividend yield of 0.60%. Amcon Distributing’s dividend payout ratio is currently 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.