AMCON Distributing (NYSEAMERICAN:DIT) Stock Price Crosses Above 50-Day Moving Average of $89.13

Shares of AMCON Distributing (NYSEAMERICAN:DIT) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $89.13 and traded as high as $141.65. AMCON Distributing shares last traded at $136.15, with a volume of 318 shares traded.

The company has a current ratio of 2.93, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $89.13. The company has a market capitalization of $76.18 million, a PE ratio of 7.82 and a beta of 0.75.

AMCON Distributing (NYSEAMERICAN:DIT) last issued its quarterly earnings results on Monday, April 19th. The company reported $4.33 EPS for the quarter. AMCON Distributing had a net margin of 0.62% and a return on equity of 15.11%. The firm had revenue of $378.51 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Stockholders of record on Friday, May 7th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Thursday, May 6th.

An institutional investor recently bought a new position in AMCON Distributing stock. CM Management LLC purchased a new stake in shares of AMCON Distributing (NYSEAMERICAN:DIT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,965 shares of the company’s stock, valued at approximately $353,000. CM Management LLC owned approximately 0.54% of AMCON Distributing at the end of the most recent quarter. Institutional investors and hedge funds own 9.68% of the company’s stock.

AMCON Distributing Company Profile (NYSEAMERICAN:DIT)

AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. It operates in two segments, Wholesale Distribution and Retail Health Food. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and refrigerated products, and institutional foodservice products.

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