Under Armour (NYSE:UA) Reaches New 52-Week Low – Here’s What Happened

Under Armour, Inc. (NYSE:UA)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $5.09 and last traded at $5.14, with a volume of 15219217 shares. The stock had previously closed at $6.30.

Under Armour Stock Performance

The business’s fifty day moving average price is $6.53 and its two-hundred day moving average price is $7.56. 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 market capitalization of $2.19 billion, a P/E ratio of -17.55 and a beta of 1.60.

Under Armour (NYSE:UA) last issued its quarterly earnings data 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 previous year, the company earned $0.25 EPS.

Institutional Trading of Under Armour

Institutional investors have recently bought and sold shares of the stock. Fielder Capital Group LLC raised its stake in shares of Under Armour by 17.9% in the fourth quarter. Fielder Capital Group LLC now owns 12,489 shares of the company’s stock valued at $93,000 after acquiring an additional 1,898 shares during the period. Amalgamated Bank raised its position in Under Armour by 3.5% in the 4th quarter. Amalgamated Bank now owns 62,753 shares of the company’s stock worth $468,000 after purchasing an additional 2,106 shares during the period. Mariner LLC lifted its stake in Under Armour by 9.0% in the fourth quarter. Mariner LLC now owns 35,094 shares of the company’s stock worth $262,000 after purchasing an additional 2,894 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Under Armour by 23.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,224 shares of the company’s stock valued at $114,000 after buying an additional 2,930 shares during the period. Finally, Harbour Investments Inc. grew its stake in shares of Under Armour by 592.9% during the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock valued at $26,000 after buying an additional 3,000 shares during the last quarter. 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.