BidaskClub lowered shares of Ingles Markets (NASDAQ:IMKTA) from a hold rating to a sell rating in a research note released on Tuesday morning.
Several other brokerages also recently issued reports on IMKTA. ValuEngine raised shares of Ingles Markets from a strong sell rating to a sell rating in a report on Tuesday, July 31st. Zacks Investment Research raised shares of Ingles Markets from a sell rating to a hold rating in a report on Monday, September 3rd.
Shares of IMKTA opened at $29.94 on Tuesday. Ingles Markets has a 1 year low of $24.45 and a 1 year high of $37.65. The firm has a market cap of $606.55 million, a PE ratio of 11.26, a PEG ratio of 0.98 and a beta of 0.50. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.96 and a quick ratio of 0.50.
About Ingles Markets
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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