Ingles Markets (IMKTA) Reaches New 1-Year Low at $26.52

Ingles Markets, Incorporated (NASDAQ:IMKTA) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $26.52 and last traded at $27.57, with a volume of 1752 shares changing hands. The stock had previously closed at $27.57.

Several equities research analysts have recently issued reports on IMKTA shares. BidaskClub lowered Ingles Markets from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Zacks Investment Research upgraded Ingles Markets from a “sell” rating to a “hold” rating in a report on Monday, September 3rd.

The company has a debt-to-equity ratio of 1.51, a current ratio of 1.96 and a quick ratio of 0.50. The stock has a market capitalization of $569.28 million, a P/E ratio of 10.83, a P/E/G ratio of 0.92 and a beta of 0.47.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings data on Friday, December 7th. The company reported $0.91 earnings per share (EPS) for the quarter. The business had revenue of $1.06 billion for the quarter. Ingles Markets had a return on equity of 16.76% and a net margin of 2.38%. On average, equities analysts predict that Ingles Markets, Incorporated will post 2.75 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. BlueMountain Capital Management LLC acquired a new position in Ingles Markets in the second quarter worth $101,000. Commonwealth Bank of Australia acquired a new position in Ingles Markets in the third quarter worth $164,000. O Shaughnessy Asset Management LLC acquired a new position in Ingles Markets in the third quarter worth $227,000. Virtu Financial LLC acquired a new position in Ingles Markets in the third quarter worth $235,000. Finally, MetLife Investment Advisors LLC boosted its stake in Ingles Markets by 57.8% in the third quarter. MetLife Investment Advisors LLC now owns 9,741 shares of the company’s stock worth $334,000 after purchasing an additional 3,568 shares in the last quarter. Hedge funds and other institutional investors own 63.85% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was reported by XNewsPress and is the sole property of of XNewsPress. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://xnewspress.com/news/2018/12/08/ingles-markets-imkta-reaches-new-1-year-low-at-26-52.html.

Ingles Markets Company Profile (NASDAQ:IMKTA)

Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. Its supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, such as fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.

See Also: Marijuana Stocks

Receive News & Ratings for Ingles Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingles Markets and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply