Under Armour (NYSE:UA) Shares Down 1.8% – Here’s What Happened

Under Armour, Inc. (NYSE:UA) shares fell 1.8% during trading on Friday . The stock traded as low as $6.30 and last traded at $6.30. Approximately 800,750 shares changed hands 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 Stock Performance

The company has a market cap of $2.68 billion, a PE ratio of -21.50 and a beta of 1.60. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average of $6.96 and a 200-day moving average of $7.70.

Under Armour (NYSE:UA) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, beating 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 business posted $0.25 EPS.

Institutional Investors Weigh In On Under Armour

Hedge funds have recently added to or reduced their stakes in the stock. Harbour Investments Inc. lifted its holdings in 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 purchasing an additional 3,000 shares in the last quarter. Bellwether Advisors LLC bought a new stake in Under Armour in the fourth quarter worth $29,000. Quarry LP bought a new stake in Under Armour in the fourth quarter worth $30,000. Sugar Maple Asset Management LLC bought a new stake in Under Armour in the fourth quarter worth $45,000. Finally, Kercheville Advisors LLC bought a new stake in Under Armour in the fourth quarter worth $75,000. 36.35% of the stock is currently owned by hedge funds and other 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.