Shares of Ingles Markets Inc. (NASDAQ:IMKTA) saw strong trading volume on Wednesday . 69,679 shares traded hands during trading, an increase of 8% from the previous session’s volume of 64,709 shares.The stock last traded at $36.37 and had previously closed at $36.71.

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

The stock has a market capitalization of $753.43 million and a PE ratio of 13.40. The stock has a 50-day moving average price of $38.49 and a 200-day moving average price of $36.80.

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

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.