AMCON Distributing (NYSEAMERICAN:DIT) Stock Crosses Below 200 Day Moving Average - Should You Sell?

AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $129.94 and traded as low as $104.00. AMCON Distributing shares last traded at $105.01, with a volume of 403 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on AMCON Distributing in a report on Sunday, April 27th. They set a "hold" rating for the company.

AMCON Distributing Trading Down 0.8 %

The stock has a market capitalization of $76.38 million, a P/E ratio of 16.39 and a beta of 0.57. The stock's fifty day moving average price is $122.21 and its two-hundred day moving average price is $129.46. The company has a current ratio of 2.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.23.

AMCON Distributing Company Profile

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.