Under Armour (NYSE:UA) Shares Down 9.5% – Time to Sell?

Shares of Under Armour, Inc. (NYSE:UA) traded down 9.5% during trading on Friday . The stock traded as low as $8.97 and last traded at $9.00. 1,941,329 shares were traded during trading, a decline of 41% from the average session volume of 3,270,017 shares. The stock had previously closed at $9.94.

Under Armour Trading Down 11.9 %

The stock’s fifty day moving average is $7.90 and its 200 day moving average is $7.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.73. The stock has a market cap of $3.79 billion, a P/E ratio of -48.05 and a beta of 1.64.

Under Armour (NYSE:UA) last announced its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.10. The firm had revenue of $1.18 billion during the quarter. Under Armour had a positive return on equity of 11.98% and a negative net margin of 1.35%. As a group, equities research analysts predict that Under Armour, Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Edgestream Partners L.P. purchased a new position in Under Armour in the 1st quarter worth about $1,217,000. Concurrent Investment Advisors LLC increased its position in shares of Under Armour by 16.5% during the first quarter. Concurrent Investment Advisors LLC now owns 21,537 shares of the company’s stock worth $154,000 after acquiring an additional 3,045 shares during the period. AMH Equity Ltd purchased a new position in shares of Under Armour during the first quarter worth approximately $892,000. Dimensional Fund Advisors LP boosted its holdings in shares of Under Armour by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 11,089,780 shares of the company’s stock valued at $72,415,000 after purchasing an additional 795,803 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in shares of Under Armour in the second quarter valued at approximately $4,579,000. 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.