AMCON Distributing (NYSEAMERICAN:DIT) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

AMCON Distributing Company (NYSEAMERICAN:DIT)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $113.44 and traded as low as $110.23. AMCON Distributing shares last traded at $110.99, with a volume of 1,032 shares trading hands.

AMCON Distributing Stock Down 0.8%

The company’s fifty day simple moving average is $109.62 and its 200 day simple moving average is $113.44. The company has a current ratio of 2.64, a quick ratio of 0.98 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $72.14 million, a P/E ratio of 68.09 and a beta of 0.03.

AMCON Distributing (NYSEAMERICAN:DIT) last released its earnings results on Tuesday, January 20th. The company reported $1.28 EPS for the quarter. AMCON Distributing had a return on equity of 0.90% and a net margin of 0.04%.The company had revenue of $730.06 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC lifted its position in AMCON Distributing Company (NYSEAMERICAN:DIT) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,008 shares of the company’s stock after buying an additional 136 shares during the period. Empowered Funds LLC owned about 0.46% of AMCON Distributing worth $333,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.14% of the company’s stock.

AMCON Distributing Company Profile

AMCON Distributing, headquartered in Brentwood, Tennessee, operates as a wholesale distributor of tobacco, vaping products and convenience store items. The company’s core portfolio includes cigarettes, smokeless tobacco, e-liquids, snacks, beverages and general merchandise. Through its network of regional warehouses and dedicated delivery fleet, AMCON serves convenience stores, independent retailers, gas stations and small grocery outlets, offering daily restocking and inventory management solutions tailored to each customer’s needs.

Covering multiple states across the Southeastern and South Central United States, AMCON maintains distribution points in Tennessee, Georgia, Alabama, Kentucky, Mississippi and portions of Florida and Texas.