Under Armour (NYSE:UA) Hits New 1-Year Low – Here’s What Happened

Under Armour, Inc. (NYSE:UA) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $5.93 and last traded at $6.15, with a volume of 1545900 shares traded. The stock had previously closed at $6.10.

Under Armour Stock Performance

The company has a market capitalization of $2.62 billion, a P/E ratio of -21.06 and a beta of 1.60. The business has a 50-day moving average of $6.84 and a 200-day moving average of $7.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.19.

Under Armour (NYSE:UA) last released its earnings results on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.05. Under Armour had a positive return on equity of 11.03% and a negative net margin of 2.39%. During the same quarter in the prior year, the business earned $0.25 earnings per share.

Institutional Trading of Under Armour

Institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. raised its holdings in shares of Under Armour by 592.9% in the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock valued at $26,000 after acquiring an additional 3,000 shares in the last quarter. Bellwether Advisors LLC purchased a new position in Under Armour in the fourth quarter valued at about $29,000. Quarry LP purchased a new position in Under Armour in the fourth quarter valued at about $30,000. Sugar Maple Asset Management LLC purchased a new position in Under Armour in the fourth quarter valued at about $45,000. Finally, Kercheville Advisors LLC purchased a new position in Under Armour in the fourth quarter valued at about $75,000. 36.35% of the stock is currently owned by institutional investors.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.