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 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $114.13 and traded as low as $105.50. AMCON Distributing shares last traded at $108.77, with a volume of 1,217 shares traded.

AMCON Distributing Trading Down 0.2%

The company has a quick ratio of 0.77, a current ratio of 2.14 and a debt-to-equity ratio of 1.22. The company’s fifty day moving average price is $112.53 and its two-hundred day moving average price is $114.13. The firm has a market cap of $70.70 million, a PE ratio of 118.23 and a beta of 0.04.

AMCON Distributing (NYSEAMERICAN:DIT) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.80 EPS for the quarter. AMCON Distributing had a net margin of 0.02% and a return on equity of 0.51%. 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.