AMCON Distributing (NYSEAMERICAN:DIT) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

AMCON Distributing Company (NYSEAMERICAN:DIT) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $77.71 and traded as low as $65.00. AMCON Distributing shares last traded at $65.00, with a volume of 311 shares changing hands.

AMCON Distributing Price Performance

The stock has a 50 day moving average of $73.18 and a two-hundred day moving average of $77.71. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.82 and a current ratio of 2.17. The firm has a market capitalization of $63.70 million, a P/E ratio of 139.29 and a beta of -0.22.

AMCON Distributing Announces Dividend

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

Institutional Trading of AMCON Distributing

Several large investors have recently modified their holdings of DIT. Empowered Funds LLC boosted its holdings in shares of AMCON Distributing by 4.7% during the 4th 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. Bridgeway Capital Management LLC raised its holdings in AMCON Distributing by 1.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 9,538 shares of the company’s stock worth $1,006,000 after acquiring an additional 136 shares during the period. Renaissance Technologies LLC lifted its position in AMCON Distributing by 50.0% during the 1st quarter. Renaissance Technologies LLC now owns 14,001 shares of the company’s stock worth $1,260,000 after acquiring an additional 4,666 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in AMCON Distributing by 49.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 31,583 shares of the company’s stock worth $2,842,000 after acquiring an additional 10,393 shares during the last quarter. 11.14% of the stock is owned by institutional investors.

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.