AMCON Distributing (NYSEAMERICAN:DIT) Shares Cross Below 200 Day Moving Average - Here's Why
AMCON Distributing (NYSEAMERICAN:DIT) shares fell below their 200-day moving average, trading as low as $111.99. The stock last traded at $113.00 with a volume of 619 shares. The company has a market cap of $73.45 million and a P/E ratio of 52.31. AMCON Distributing recently reported $0.80 EPS for the quarter with revenue of $746.30 million. Institutional investors own 11.14% of the company's stock.
AMCON Distributing Company (NYSEAMERICAN:DIT - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $112.85 and traded as low as $111.99. AMCON Distributing shares last traded at $113.00, with a volume of 619 shares trading hands.
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AMCON Distributing Price Performance
The firm has a market cap of $73.45 million, a P/E ratio of 52.31 and a beta of 0.43. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.74 and a quick ratio of 1.06. The firm's 50 day moving average is $116.46 and its 200 day moving average is $112.85.
AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) last released its earnings results on Friday, November 7th. The company reported $0.80 earnings per share (EPS) for the quarter. AMCON Distributing had a net margin of 0.05% and a return on equity of 1.17%. The firm had revenue of $746.30 million during the quarter.
Hedge Funds Weigh In On AMCON Distributing
An institutional investor recently raised its position in AMCON Distributing stock. CM Management LLC lifted its stake in AMCON Distributing Company (NYSEAMERICAN:DIT - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,754 shares of the company's stock after purchasing an additional 421 shares during the quarter. CM Management LLC owned 1.36% of AMCON Distributing worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 11.14% of the company's stock.
About AMCON Distributing
(Get Free Report)AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. It operates through Wholesale Distribution and Retail Health Food segments. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and refrigerated products, and institutional foodservice products.
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