Under Armour (NYSE:UA) Sets New 52-Week Low – Should You Sell?

Under Armour, Inc. (NYSE:UA)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $5.93 and last traded at $6.02, with a volume of 2209099 shares. The stock had previously closed at $6.06.

Under Armour Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.01. The stock has a fifty day simple moving average of $6.71 and a two-hundred day simple moving average of $7.60. The stock has a market cap of $2.59 billion, a PE ratio of -20.74 and a beta of 1.60.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its position in shares of Under Armour by 841.6% during the third quarter. FMR LLC now owns 189,275 shares of the company’s stock worth $1,582,000 after buying an additional 169,174 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Under Armour by 781.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 125,230 shares of the company’s stock worth $1,047,000 after buying an additional 111,027 shares during the last quarter. Verition Fund Management LLC acquired a new position in Under Armour in the third quarter worth $2,594,000. BDT Capital Partners LLC lifted its position in shares of Under Armour by 0.3% in the 3rd quarter. BDT Capital Partners LLC now owns 60,000,000 shares of the company’s stock worth $501,600,000 after buying an additional 161,901 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Under Armour by 45.2% during the 3rd quarter. Quantinno Capital Management LP now owns 104,477 shares of the company’s stock valued at $873,000 after buying an additional 32,503 shares during the last quarter. Hedge funds and other institutional investors own 36.35% of the company’s stock.

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.