Under Armour (NYSE:UA) Stock Price Down 1.8% – Time to Sell?

Under Armour, Inc. (NYSE:UA)’s stock price traded down 1.8% during mid-day trading on Friday . The company traded as low as $6.30 and last traded at $6.30. 800,750 shares were traded during mid-day trading, a decline of 76% from the average session volume of 3,309,921 shares. The stock had previously closed at $6.41.

Under Armour Price Performance

The company has a market cap of $2.71 billion, a P/E ratio of -21.74 and a beta of 1.60. The company’s 50-day moving average price is $6.99 and its two-hundred day moving average price is $7.71. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UA) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.08 earnings per share (EPS) 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 period in the prior year, the business posted $0.25 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Harbour Investments Inc. raised its holdings in shares of Under Armour by 592.9% in the 4th quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock worth $26,000 after purchasing an additional 3,000 shares in the last quarter. Bellwether Advisors LLC bought a new stake in shares of Under Armour during the 4th quarter worth $29,000. Quarry LP acquired a new position in shares of Under Armour in the 4th quarter worth $30,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Under Armour during the fourth quarter worth $45,000. Finally, Kercheville Advisors LLC acquired a new position in shares of Under Armour in the 4th quarter valued at $75,000. 36.35% of the stock is currently owned by institutional investors.

Under Armour Company Profile

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.