Shares of Under Armour, Inc. (NYSE:UA - Get Free Report) traded up 6.7% during mid-day trading on Tuesday . The company traded as high as $5.48 and last traded at $5.51. 560,757 shares were traded during mid-day trading, a decline of 84% from the average session volume of 3,507,197 shares. The stock had previously closed at $5.17.
Under Armour Price Performance
The company's 50 day moving average is $6.03 and its 200-day moving average is $7.33. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of -18.84 and a beta of 1.45. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30.
Under Armour (NYSE:UA - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the firm posted $0.25 EPS.
Hedge Funds Weigh In On Under Armour
Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in Under Armour in the 4th quarter valued at about $1,260,000. Boston Partners increased its stake in shares of Under Armour by 1,317.3% during the fourth quarter. Boston Partners now owns 1,722,420 shares of the company's stock worth $12,852,000 after purchasing an additional 1,600,893 shares during the period. ABC Arbitrage SA bought a new stake in Under Armour in the 4th quarter valued at $819,000. Russell Investments Group Ltd. boosted its stake in Under Armour by 305.1% in the 4th quarter. Russell Investments Group Ltd. now owns 822,470 shares of the company's stock valued at $6,136,000 after purchasing an additional 619,459 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Under Armour by 26.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,808,152 shares of the company's stock worth $13,489,000 after buying an additional 374,664 shares during the period. 36.35% of the stock is owned by institutional investors.
About Under Armour
(
Get Free Report)
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.
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