AMCON Distributing (NYSEAMERICAN:DIT) Shares Cross Below 200-Day Moving Average – Should You Sell?

AMCON Distributing Company (NYSEAMERICAN:DIT) crossed 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 Stock Performance

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 stock has a market capitalization of $63.70 million, a P/E ratio of 139.29 and a beta of -0.22. The business has a 50-day moving average price of $73.18 and a 200 day moving average price of $77.71.

AMCON Distributing Announces Dividend

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

Institutional Trading of AMCON Distributing

Institutional investors and hedge funds have recently bought and sold shares of the company. Bridgeway Capital Management LLC lifted its stake in shares of AMCON Distributing by 1.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 9,538 shares of the company’s stock worth $1,006,000 after buying an additional 136 shares in the last quarter. Empowered Funds LLC lifted its position in AMCON Distributing by 4.7% in the 4th quarter. Empowered Funds LLC now owns 3,008 shares of the company’s stock valued at $333,000 after acquiring an additional 136 shares in the last quarter. Renaissance Technologies LLC boosted its stake in AMCON Distributing by 50.0% during the 1st quarter. Renaissance Technologies LLC now owns 14,001 shares of the company’s stock valued at $1,260,000 after purchasing an additional 4,666 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in AMCON Distributing by 49.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 31,583 shares of the company’s stock valued at $2,842,000 after purchasing an additional 10,393 shares during the last quarter. 11.14% of the stock is currently owned by institutional investors.

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.