Ingles (NASDAQ:IMKTA) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
A number of other equities research analysts have also recently issued reports on IMKTA. TheStreet cut shares of Ingles from a “b-” rating to a “c+” rating in a research note on Friday, May 11th. Zacks Investment Research cut shares of Ingles from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th.
Ingles opened at $29.95 on Wednesday, Marketbeat reports. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.81 and a quick ratio of 0.38. Ingles has a one year low of $28.55 and a one year high of $29.25. The company has a market capitalization of $578.39 million, a price-to-earnings ratio of 11.26, a P/E/G ratio of 1.03 and a beta of 0.58.
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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