Under Armour (NYSE:UAA) Stock Price Crosses Below 50 Day Moving Average - Should You Sell?

Key Points

• Under Armour shares slipped below their 50-day moving average of $4.90, trading as low as $4.86 before last changing hands at $4.895. The stock was down 2.3% and remains below its 200-day average of $5.91.
• Analyst views are mixed, but the consensus is Hold, with a $5.80 price target. Ratings include three Sells, eight Holds, one Buy, and one Strong Buy.

Under Armour, Inc. (NYSE:UAA - Get Free Report) passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $4.90 and traded as low as $4.86. Under Armour shares last traded at $4.8950, with a volume of 9,907,010 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings restated a "sell (d)" rating on shares of Under Armour in a research report on Wednesday, November 4th. Barclays cut Under Armour from an "equal weight" rating to an "underweight" rating and set a $5.00 target price on the stock. in a research note on Tuesday, August 11th. Truist Financial boosted their price target on shares of Under Armour from $5.00 to $6.00 and gave the company a "hold" rating in a report on Monday, August 10th. UBS Group restated a "buy" rating and set a $8.00 price target (down from $9.00) on shares of Under Armour in a research report on Wednesday, October 28th. Finally, Morgan Stanley set a $4.00 price objective on shares of Under Armour and gave the stock an "equal weight" rating in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $5.80.

Under Armour Stock Down 2.3%

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.95. The stock has a 50 day moving average price of $4.90 and a 200 day moving average price of $5.91. The company has a market cap of $2.10 billion, a P/E ratio of -4.41, a P/E/G ratio of 1.97 and a beta of 1.58.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc boosted its stake in shares of Under Armour by 94.1% during the 3rd quarter. Versant Capital Management Inc now owns 6,155 shares of the company's stock worth $27,000 after acquiring an additional 2,984 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of Under Armour during the third quarter worth $26,000. Farther Finance Advisors LLC raised its position in shares of Under Armour by 134.5% during the third quarter. Farther Finance Advisors LLC now owns 7,061 shares of the company's stock worth $31,000 after purchasing an additional 4,050 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of Under Armour by 2,744.0% during the third quarter. Fortitude Family Office LLC now owns 7,821 shares of the company's stock valued at $35,000 after purchasing an additional 7,546 shares during the last quarter. Finally, Csenge Advisory Group purchased a new stake in shares of Under Armour during the third quarter valued at $45,000. Institutional investors own 34.58% of the company's stock.

About Under Armour

Under Armour, Inc. develops, markets and sells performance apparel, footwear and accessories. Its products are designed for athletic training, competition and everyday use, and include technical apparel, running and training shoes, sports accessories and connected fitness offerings. Founded in 1996 by Kevin Plank, the company built its early business around moisture-wicking performance apparel. Under Armour sells products through wholesale partners and its own direct-to-consumer channels, including retail stores and e-commerce.

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