Under Armour (NYSE:UA) Stock Price Up 6.7% – What’s Next?

Shares of Under Armour, Inc. (NYSE:UA) rose 6.7% on Tuesday . The stock traded as high as $5.48 and last traded at $5.51. Approximately 560,757 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 3,507,197 shares. The stock had previously closed at $5.17.

Under Armour Price Performance

The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2.29 billion, a PE ratio of -18.38 and a beta of 1.45. The company’s 50 day moving average is $6.14 and its 200-day moving average is $7.41.

Under Armour (NYSE:UA) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.08 earnings per share for the quarter, beating 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 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. lifted its position in shares of Under Armour by 592.9% during the fourth quarter. Harbour Investments Inc. now owns 3,506 shares of the company’s stock worth $26,000 after purchasing an additional 3,000 shares during the last quarter. Bellwether Advisors LLC acquired a new stake in Under Armour during the fourth quarter valued at approximately $29,000. Quarry LP bought a new position in Under Armour during the 4th quarter worth approximately $30,000. Sugar Maple Asset Management LLC acquired a new position in shares of Under Armour in the 4th quarter worth approximately $45,000. Finally, Kercheville Advisors LLC bought a new stake in shares of Under Armour in the 4th quarter valued at approximately $75,000. 36.35% of the stock is currently owned by institutional investors.

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.