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Ingles Markets, Incorporated (NASDAQ:IMKTA) has been downgraded to C+ in a statement by TheStreet earlier today.

TheStreet has downgraded Ingles Markets, Incorporated (NASDAQ:IMKTA) to C+ in a statement released on 06/15/2017.

Boasting a price of $33.95, Ingles Markets, Incorporated (NASDAQ:IMKTA) traded -1.80% lower on the day. With the last close down -30.14% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Ingles Markets, Incorporated has recorded a 50-day average of $24.98 and a two hundred day average of $35.21. Volume of trade was down over the average, with 95,327 shares of IMKTA changing hands under the typical 118,066

Performance Chart

Ingles Markets, Incorporated (NASDAQ:IMKTA)

With a total market value of $0, Ingles Markets, Incorporated has price-earnings ratio of 10.25 with a one year low of $20.75 and a one year high of $52.40 .

More About Ingles Markets, Incorporated (NASDAQ:IMKTA)

Ingles Markets, Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company's segments include retail grocery and other. Its other segment consists of fluid dairy operations and shopping center rentals. As of September 24, 2016, the Company operated 201 supermarkets in Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama. The Company locates its supermarkets primarily in suburban areas, small towns and rural communities. Ingles supermarkets offer customers a range of food products, including grocery, meat and dairy products, produce, frozen foods and other perishables and non-food products. Its non-food products include fuel centers, pharmacies, health and beauty care products and general merchandise. The Company focuses on selling products to its customers through the development of organic products, bakery departments and prepared foods, including delicatessen sections.

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