AMCON Distributing (NYSEAMERICAN:DIT) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $127.01 and traded as low as $104.00. AMCON Distributing shares last traded at $104.00, with a volume of 148 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on AMCON Distributing in a report on Saturday, May 17th. They set a "hold" rating for the company.

AMCON Distributing Price Performance

The stock has a 50 day moving average of $115.67 and a 200-day moving average of $126.90. The company has a market cap of $70.38 million, a PE ratio of 15.10 and a beta of 0.57. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 2.46.

About AMCON Distributing

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.