Under Armour (NYSE:UA) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Under Armour, Inc. (NYSE:UA)’s share price passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $4.77 and traded as low as $4.68. Under Armour shares last traded at $4.7150, with a volume of 2,370,210 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Under Armour from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell” and an average target price of $5.50.

Under Armour Stock Performance

The company has a current ratio of 1.95, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average price of $4.77 and a 200-day moving average price of $5.75. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -4.25 and a beta of 1.51.

Institutional Trading of Under Armour

A number of large investors have recently bought and sold shares of UA. International Assets Investment Management LLC increased its position in shares of Under Armour by 80.0% during the 1st quarter. International Assets Investment Management LLC now owns 4,500 shares of the company’s stock worth $25,000 after purchasing an additional 2,000 shares in the last quarter. Versant Capital Management Inc boosted its position in Under Armour by 150.2% in the third quarter. Versant Capital Management Inc now owns 5,869 shares of the company’s stock valued at $26,000 after buying an additional 3,523 shares in the last quarter. Western Wealth Management LLC acquired a new position in Under Armour in the first quarter valued at about $26,000. Public Employees Retirement System of Ohio grew its stake in Under Armour by 10.5% during the first quarter. Public Employees Retirement System of Ohio now owns 62,104 shares of the company’s stock worth $360,000 after buying an additional 5,887 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Under Armour during the second quarter worth about $39,000. 36.35% of the stock is currently owned by institutional investors.

About Under Armour

Under Armour, Inc. develops, markets and distributes performance apparel, footwear and accessories for athletes and consumers. Its products include training and running apparel, athletic shoes, sports bras and accessories such as bags and headwear. Founded in 1996 by Kevin Plank, the company is headquartered in Baltimore, Maryland. Under Armour sells its products internationally through wholesale partners, company-operated stores and e-commerce channels.