AMCON Distributing (NYSEAMERICAN:DIT) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

AMCON Distributing Company (NYSEAMERICAN:DIT)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $78.74 and traded as low as $68.00. AMCON Distributing shares last traded at $70.45, with a volume of 418 shares trading hands.

AMCON Distributing Stock Performance

The business has a 50 day simple moving average of $83.36 and a 200 day simple moving average of $78.74. The company has a quick ratio of 0.82, a current ratio of 2.17 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $69.04 million, a PE ratio of 150.97 and a beta of -0.22.

AMCON Distributing (NYSEAMERICAN:DIT) last issued its quarterly earnings results on Monday, April 20th. The company reported ($2.34) earnings per share for the quarter. AMCON Distributing had a return on equity of 0.38% and a net margin of 0.01%.The business had revenue of $715.65 million during the quarter.

AMCON Distributing Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 11th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, May 11th. AMCON Distributing’s dividend payout ratio (DPR) is presently 6.69%.

Institutional Trading of AMCON Distributing

Large investors have recently bought and sold shares of the stock. Bridgeway Capital Management LLC grew its position in AMCON Distributing by 1.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 9,538 shares of the company’s stock worth $1,006,000 after purchasing an additional 136 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of AMCON Distributing by 50.0% in the first quarter. Renaissance Technologies LLC now owns 14,001 shares of the company’s stock worth $1,260,000 after buying an additional 4,666 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of AMCON Distributing by 49.0% in the first quarter. Dimensional Fund Advisors LP now owns 31,583 shares of the company’s stock worth $2,842,000 after buying an additional 10,393 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of AMCON Distributing by 4.7% during the fourth quarter. Empowered Funds LLC now owns 3,008 shares of the company’s stock worth $333,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors 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.