Ingles Markets Inc. (NASDAQ:IMKTA) traded up 3.8% on Wednesday . The stock traded as high as $39.09 and last traded at $39.08, with a volume of 52,323 shares. The stock had previously closed at $37.64.

Separately, Zacks Investment Research raised shares of Ingles Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th.

The stock has a market cap of $760.73 million and a P/E ratio of 13.53. The company’s 50 day moving average price is $38.47 and its 200 day moving average price is $36.85.

In other Ingles Markets news, Director Sharp Laura Ingle sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $38.52, for a total transaction of $192,600.00. Following the completion of the sale, the director now owns 4,043 shares in the company, valued at $155,736.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ingles Markets, Incorporated is a supermarket chain. The Company operates approximately 70 supermarkets in Georgia, approximately 70 in North Carolina, approximately 40 in South Carolina, over 20 in Tennessee, approximately two in Virginia and approximately one in Alabama. The Company operates through retail grocery sales segment.

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