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

AMCON Distributing Company (NYSEAMERICAN:DIT)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $78.09 and traded as low as $68.50. AMCON Distributing shares last traded at $68.50, with a volume of 463 shares.

AMCON Distributing Stock Performance

The stock has a 50 day simple moving average of $75.20 and a 200 day simple moving average of $78.09. The company has a current ratio of 2.17, a quick ratio of 0.82 and a debt-to-equity ratio of 1.29. The stock has a market cap of $67.13 million, a P/E ratio of 146.79 and a beta of -0.22.

AMCON Distributing (NYSEAMERICAN:DIT) last announced its quarterly earnings data on Monday, April 20th. The company reported ($2.34) earnings per share for the quarter. The company had revenue of $715.65 million during the quarter. AMCON Distributing had a net margin of 0.01% and a return on equity of 0.38%.

AMCON Distributing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 11th were given a $0.12 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. AMCON Distributing’s dividend payout ratio (DPR) is presently 6.69%.

Institutional Investors Weigh In On AMCON Distributing

Institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in AMCON Distributing by 59.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $426,000 after buying an additional 1,782 shares during the period. Renaissance Technologies LLC raised its position in shares of AMCON Distributing by 50.0% in the 1st quarter. Renaissance Technologies LLC now owns 14,001 shares of the company’s stock valued at $1,260,000 after buying an additional 4,666 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of AMCON Distributing by 49.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 31,583 shares of the company’s stock worth $2,842,000 after acquiring an additional 10,393 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of AMCON Distributing by 1.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 9,538 shares of the company’s stock worth $1,006,000 after acquiring an additional 136 shares during the period. Institutional investors 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.