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

AMCON Distributing Company (NYSEAMERICAN:DIT) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

AMCON Distributing Stock Performance

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 company has a 50 day simple moving average of $109.62 and a 200-day simple moving average of $113.44. The firm has a market cap of $72.14 million, a PE ratio of 68.09 and a beta of 0.03.

AMCON Distributing (NYSEAMERICAN:DIT) last announced its quarterly earnings data on Tuesday, January 20th. The company reported $1.28 earnings per share (EPS) for the quarter. AMCON Distributing had a net margin of 0.04% and a return on equity of 0.90%. 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 boosted its position in shares of AMCON Distributing Company (NYSEAMERICAN:DIT) by 4.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,008 shares of the company’s stock after buying an additional 136 shares during the quarter. Empowered Funds LLC owned approximately 0.46% of AMCON Distributing worth $333,000 as of its most recent filing with the Securities & Exchange Commission. 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.