Under Armour (NYSE:UA) Shares Down 5.8% – Time to Sell?

Under Armour, Inc. (NYSE:UA) dropped 5.8% on Thursday . The stock traded as low as $8.65 and last traded at $8.65. Approximately 1,633,841 shares changed hands during trading, a decline of 50% from the average daily volume of 3,264,852 shares. The stock had previously closed at $9.18.

Under Armour Stock Down 3.3 %

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The company has a fifty day moving average of $8.51 and a two-hundred day moving average of $7.57. The company has a market cap of $3.84 billion, a PE ratio of -224.00 and a beta of 1.66.

Insider Transactions at Under Armour

In other Under Armour news, insider Mehri Shadman sold 9,639 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $8.81, for a total value of $84,919.59. Following the transaction, the insider now owns 172,899 shares of the company’s stock, valued at $1,523,240.19. This represents a 5.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David Bergman sold 30,000 shares of Under Armour stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $9.09, for a total value of $272,700.00. Following the sale, the chief financial officer now owns 494,210 shares of the company’s stock, valued at approximately $4,492,368.90. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,879 shares of company stock worth $508,642. 15.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UA. Peoples Bank KS bought a new stake in shares of Under Armour during the third quarter valued at approximately $59,000. CWM LLC raised its position in Under Armour by 31.1% during the 2nd quarter. CWM LLC now owns 12,628 shares of the company’s stock valued at $82,000 after purchasing an additional 2,995 shares in the last quarter. Algert Global LLC bought a new position in shares of Under Armour during the 2nd quarter worth $98,000. Ridgewood Investments LLC bought a new position in shares of Under Armour during the 2nd quarter worth $112,000. Finally, ProShare Advisors LLC purchased a new stake in Under Armour in the second quarter worth about $118,000. 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.