Under Armour (NYSE:UA) Sets New 12-Month Low – Should You Sell?

Under Armour, Inc. (NYSE:UA) shares hit a new 52-week low 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 stock has a market cap of $2.59 billion, a PE ratio of -20.74 and a beta of 1.60. The stock has a fifty day moving average of $6.74 and a 200-day moving average of $7.60. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 0.30.

Under Armour (NYSE:UA) last announced its earnings results 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 period in the prior year, the company posted $0.25 EPS.

Hedge Funds Weigh In On Under Armour

A number of large investors have recently bought and sold shares of UA. Fielder Capital Group LLC boosted its holdings 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 in the last quarter. Amalgamated Bank boosted its holdings in Under Armour by 3.5% in the 4th quarter. Amalgamated Bank now owns 62,753 shares of the company’s stock valued at $468,000 after purchasing an additional 2,106 shares in the last quarter. Mariner LLC increased its position in Under Armour by 9.0% during the 4th 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 period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Under Armour by 23.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,224 shares of the company’s stock worth $114,000 after buying an additional 2,930 shares in the last quarter. Finally, Harbour Investments Inc. lifted 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 valued at $26,000 after buying an additional 3,000 shares during the period. Hedge funds and other institutional investors own 36.35% of the company’s stock.

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.