Amcon Distributing (NASDAQ:DIT) Stock Price Down 1.4% - Time to Sell?

Amcon Distributing Company (NASDAQ:DIT - Get Free Report) 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 mid-day trading, a decline of 88% from the average session volume of 337 shares. The stock had previously closed at $128.65.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Amcon Distributing in a research report on Monday, January 13th. They set a "hold" rating on the stock.

Amcon Distributing Price Performance

The company has a debt-to-equity ratio of 1.61, a current ratio of 3.23 and a quick ratio of 1.05. The stock has a fifty day moving average price of $129.49. The stock has a market capitalization of $78.66 million, a PE ratio of 20.46 and a beta of 0.56.

Amcon Distributing Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 7th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.72 annualized dividend and a dividend yield of 0.59%. 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.