AMCON Distributing (NYSEAMERICAN:DIT) Stock Passes Below 200 Day Moving Average - Here's Why

Key Points

• Technical signal: Shares slipped below the 200-day moving average of $113.52, trading as low as $111.86 (about a 0.1% decline during the session).
• Thin profitability despite revenue: AMCON has a market cap of $72.7M and a P/E of 68.6; it reported $1.28 EPS on $730.06M revenue last quarter but posted a net margin of just 0.04% and a return on equity of 0.9%, indicating very weak underlying profitability.
• Modest institutional ownership: Empowered Funds increased its position to 3,008 shares (0.46% of the company) and institutions/hedge funds own about 11.14% of the stock.

AMCON Distributing Company (NYSEAMERICAN:DIT - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $113.52 and traded as low as $111.86. AMCON Distributing shares last traded at $111.86, with a volume of 639 shares changing hands.

AMCON Distributing Stock Down 0.1%

The firm has a market capitalization of $72.71 million, a price-to-earnings ratio of 68.63 and a beta of 0.02. 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 business has a fifty day moving average price of $109.98 and a two-hundred day moving average price of $113.52.

AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) last issued its earnings results on Tuesday, January 20th. The company reported $1.28 EPS for the quarter. The firm had revenue of $730.06 million for the quarter. AMCON Distributing had a return on equity of 0.90% and a net margin of 0.04%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC increased its position in shares of AMCON Distributing Company (NYSEAMERICAN:DIT - Free Report) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,008 shares of the company's stock after buying an additional 136 shares during the period. Empowered Funds LLC owned 0.46% of AMCON Distributing worth $333,000 as of its most recent filing with the SEC. 11.14% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.