AMCON Distributing (NYSEAMERICAN:DIT) Stock 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 Friday . The stock has a two hundred 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 Price Performance

The company has a market capitalization of $73.55 million, a PE ratio of 69.42 and a beta of 0.03. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.64 and a quick ratio of 0.98. The stock’s 50 day simple moving average is $110.02 and its 200-day simple moving average is $113.33.

AMCON Distributing (NYSEAMERICAN:DIT) last announced its earnings results on Friday, November 7th. The company reported $0.80 earnings per share for the quarter. The firm 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%.

AMCON Distributing Company Profile

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.