Ingles Markets Inc. (IMKTA) Sees Strong Trading Volume
Shares of Ingles Markets Inc. (NASDAQ:IMKTA) saw unusually-strong trading volume on Monday . Approximately 62,677 shares were traded during trading, an increase of 22% from the previous session’s volume of 51,497 shares.The stock last traded at $38.14 and had previously closed at $38.83.
Separately, Zacks Investment Research upgraded shares of Ingles Markets from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th.
The firm has a market capitalization of $771.67 million and a PE ratio of 13.46. The firm has a 50-day moving average price of $38.54 and a 200 day moving average price of $36.73.
Ingles Markets (NASDAQ:IMKTA) last announced its earnings results on Monday, May 9th. The company reported $0.71 EPS for the quarter. The business had revenue of $924.30 billion for the quarter, compared to the consensus estimate of $3.76 billion. Equities research analysts expect that Ingles Markets Inc. will post $2.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, July 7th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Tuesday, July 5th.
In other news, Director Sharp Laura Ingle sold 5,000 shares of Ingles Markets stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $38.51, for a total value of $192,550.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $192,550. The transaction was disclosed in a legal filing with the SEC, which is available 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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