Under Armour (NYSE:UA) Shares Gap Down to $6.66

Shares of Under Armour, Inc. (NYSE:UAGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $6.66, but opened at $6.23. Under Armour shares last traded at $6.73, with a volume of 5,307,050 shares trading hands.

Under Armour Stock Performance

The company has a quick ratio of 1.38, a current ratio of 2.46 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $6.73 and a 200-day moving average price of $7.39. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 12.52 and a beta of 1.61.

Institutional Investors Weigh In On Under Armour

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Under Armour by 2.6% during the third quarter. Vanguard Group Inc. now owns 19,592,344 shares of the company’s stock valued at $124,999,000 after purchasing an additional 499,162 shares during the period. Apollon Wealth Management LLC bought a new stake in Under Armour during the 4th quarter valued at $292,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Under Armour in the third quarter worth about $880,000. Assenagon Asset Management S.A. acquired a new stake in shares of Under Armour in the 3rd quarter worth approximately $1,811,000. Finally, Amalgamated Bank boosted its stake in Under Armour by 6.0% during the 4th quarter. Amalgamated Bank now owns 125,517 shares of the company’s stock valued at $1,048,000 after purchasing an additional 7,114 shares in the last quarter. 36.35% of the stock is owned by institutional investors and hedge funds.

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.

Featured Articles

Receive News & Ratings for Under Armour Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Under Armour and related companies with MarketBeat.com's FREE daily email newsletter.