AMCON Distributing (NYSEAMERICAN:DIT) Share Price Passes Below 200 Day Moving Average – What’s Next?

AMCON Distributing Company (NYSEAMERICAN:DIT)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $113.54 and traded as low as $108.14. AMCON Distributing shares last traded at $108.15, with a volume of 2,099 shares changing hands.

AMCON Distributing Price Performance

The firm has a market cap of $70.30 million, a PE ratio of 66.35 and a beta of 0.04. 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 company has a 50 day moving average price of $110.42 and a 200 day moving average price of $113.54.

AMCON Distributing (NYSEAMERICAN:DIT) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.80 earnings per share (EPS) for the quarter. AMCON Distributing had a return on equity of 0.90% and a net margin of 0.04%.The firm had revenue of $746.30 million during the quarter.

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.