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 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.

Ingles Markets (NASDAQ:IMKTA) last posted 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 during the quarter. Ingles Markets had a return on equity of 16.76% and a net margin of 2.38%. Equities analysts expect that Ingles Markets, Incorporated will post 2.75 EPS for the current fiscal year.

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.

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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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