AMCON Distributing (NYSEAMERICAN:DIT) Shares Pass Below 200-Day Moving Average – Time to Sell?

AMCON Distributing Company (NYSEAMERICAN:DIT) shares 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 traded.

AMCON Distributing Price Performance

The company’s 50 day moving average price is $82.91 and its two-hundred day moving average price is $78.68. The company has a current ratio of 2.17, a quick ratio of 0.82 and a debt-to-equity ratio of 1.29. The firm has a market cap of $69.04 million, a PE ratio of 150.97 and a beta of -0.22.

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

AMCON Distributing Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 11th were paid 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 is 6.69%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in AMCON Distributing by 4.7% in 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% during the fourth quarter. Bridgeway Capital Management LLC now owns 9,538 shares of the company’s stock valued at $1,006,000 after acquiring an additional 136 shares during the period. Renaissance Technologies LLC raised its holdings in AMCON Distributing by 50.0% during the first quarter. Renaissance Technologies LLC now owns 14,001 shares of the company’s stock valued at $1,260,000 after acquiring an additional 4,666 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position 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 valued at $2,842,000 after acquiring an additional 10,393 shares in the last quarter. 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.