Ingles Markets Incorporated Class A Common Stock (IMKTA) Breaks into New 52-Week High on August 28 Session

Equities Staff  |

Shares of Ingles Markets Incorporated Class A Common Stock (IMKTA) broke into a new 52-week high yesterday, hitting a peak of $39.12. Shares closed at $38.89 after opening at $37.76 for a move of 3.02%. The company now has a market cap of $787.9 million.

Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out before an impending period of decline.

For Ingles Markets Incorporated Class A Common Stock, the new 52-week high came on volume of 93,916. The stock has a float of 20.26 million shares and average daily volume of $n/a. It has a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Ingles Markets Incorporated Class A Common Stock now has a P/E ratio of 9.8.

For a complete fundamental analysis analysis of Ingles Markets Incorporated Class A Common Stock, check out Equities.com’s Stock Valuation Analysis report for IMKTA.

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Ingles Markets Inc is a U.S. based company that is principally engaged in operating a supermarket chain. The company operates business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores primarily in suburban areas, small towns and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty-care products, and general merchandise. The retail business contributes most of the company's revenue. The company's real estate ownership on a material portion of total stores enables it to generate rental income.

Ingles Markets Incorporated Class A Common Stock is based out of Black Mountain, NC and has some 26,000 employees. Its CEO is .

Ingles Markets Incorporated Class A Common Stock is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.

What's more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow Jones Industrial Average or S&P 500.

To get more information on Ingles Markets Incorporated Class A Common Stock and to follow the company’s latest updates, you can visit the company’s profile page here: IMKTA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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