AMCON Distributing (NYSEAMERICAN:DIT) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of AMCON Distributing Company (NYSEAMERICAN:DIT) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $113.34 and traded as low as $110.89. AMCON Distributing shares last traded at $112.29, with a volume of 1,184 shares.

AMCON Distributing Trading Down 0.6%

The company has a debt-to-equity ratio of 1.32, a current ratio of 2.64 and a quick ratio of 0.98. The stock has a 50-day moving average price of $109.90 and a two-hundred day moving average price of $113.34. The stock has a market cap of $72.99 million, a PE ratio of 68.89 and a beta of 0.03.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC boosted its stake in shares of AMCON Distributing Company (NYSEAMERICAN:DIT) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,008 shares of the company’s stock after acquiring an additional 136 shares during the quarter. Empowered Funds LLC owned about 0.46% of AMCON Distributing worth $333,000 as of its most recent SEC filing. 11.14% of the stock is currently owned by institutional investors and hedge funds.

About AMCON Distributing

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.