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

AMCON Distributing (NYSEAMERICAN:DIT - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $127.69 and traded as low as $115.50. AMCON Distributing shares last traded at $116.00, with a volume of 128 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on shares of AMCON Distributing in a research report on Saturday, May 17th. They issued a "hold" rating for the company.

AMCON Distributing Stock Down 2.7%

The company has a 50 day moving average of $116.49 and a 200-day moving average of $127.34. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.46 and a quick ratio of 0.91. The company has a market cap of $73.33 million, a P/E ratio of 15.74 and a beta of 0.57.

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.