AMCON Distributing (NYSEAMERICAN:DIT) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

AMCON Distributing Company (NYSEAMERICAN:DIT)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 Stock Down 0.6%

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

AMCON Distributing (NYSEAMERICAN:DIT) last posted its quarterly earnings data on Tuesday, January 20th. The company reported $1.28 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.

Hedge Funds Weigh In On AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC raised its position in AMCON Distributing Company (NYSEAMERICAN:DIT) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,008 shares of the company’s stock after purchasing an additional 136 shares during the quarter. Empowered Funds LLC owned 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.

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.