AMCON Distributing (NYSEAMERICAN:DIT) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

AMCON Distributing Company (NYSEAMERICAN:DIT) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $113.31 and traded as low as $111.51. AMCON Distributing shares last traded at $113.15, with a volume of 2,179 shares changing hands.

AMCON Distributing Stock Performance

The firm has a market cap of $73.55 million, a PE ratio of 69.42 and a beta of 0.03. The business has a 50 day simple moving average of $110.02 and a two-hundred day simple moving average of $113.31. The company has a quick ratio of 0.98, a current ratio of 2.64 and a debt-to-equity ratio of 1.32.

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

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.