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 traded. The stock had previously closed at $27.57.
IMKTA has been the subject of a number of research reports. BidaskClub downgraded Ingles Markets from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Zacks Investment Research downgraded Ingles Markets from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th.
The company has a quick ratio of 0.50, a current ratio of 1.96 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $569.28 million, a PE ratio of 10.83, a PEG ratio of 0.92 and a beta of 0.47.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlueMountain Capital Management LLC acquired a new position in Ingles Markets during the second quarter valued at approximately $101,000. Commonwealth Bank of Australia acquired a new position in Ingles Markets during the third quarter valued at approximately $164,000. O Shaughnessy Asset Management LLC acquired a new position in Ingles Markets during the third quarter valued at approximately $227,000. Virtu Financial LLC acquired a new position in Ingles Markets during the third quarter valued at approximately $235,000. Finally, MetLife Investment Advisors LLC boosted its position in Ingles Markets by 57.8% during the third quarter. MetLife Investment Advisors LLC now owns 9,741 shares of the company’s stock valued at $334,000 after purchasing an additional 3,568 shares during the last quarter. 63.85% of the stock is owned by hedge funds and other institutional investors.
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.
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