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

Under Armour, Inc. (NYSE:UA)’s stock price passed below its 50 day moving average during trading on Thursday. The stock has a 50 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 trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Sell” and an average target price of $5.50.

Under Armour Stock Performance

The firm’s fifty day moving average price is $4.77 and its 200-day moving average price is $5.75. 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 company has a market cap of $2.03 billion, a P/E ratio of -4.25 and a beta of 1.51.

Hedge Funds Weigh In On Under Armour

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Under Armour by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,518,415 shares of the company’s stock worth $66,688,000 after acquiring an additional 716,815 shares during the period. Corient Private Wealth LP bought a new stake in shares of Under Armour during the second quarter valued at approximately $6,275,000. Public Sector Pension Investment Board bought a new stake in shares of Under Armour during the third quarter valued at approximately $3,540,000. Bank of New York Mellon Corp raised its stake in shares of Under Armour by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 714,026 shares of the company’s stock valued at $4,134,000 after purchasing an additional 8,163 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Under Armour by 3.1% in the first quarter. Principal Financial Group Inc. now owns 581,690 shares of the company’s stock valued at $3,368,000 after purchasing an additional 17,601 shares in the last quarter. 36.35% of the stock is currently owned by institutional investors.

Under Armour Company Profile

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.