Under Armour (UAA) Trading 17.4% Higher
Under Armour Inc (NYSE:UAA) shares traded up 17.4% during trading on Tuesday . The company traded as high as $17.10 and last traded at $16.70. 34,049,741 shares were traded during trading, an increase of 342% from the average session volume of 7,697,225 shares. The stock had previously closed at $14.23.
A number of research analysts have commented on the company. Wells Fargo & Co decreased their price target on Under Armour to $11.00 and set an “underperform” rating on the stock in a research note on Tuesday, October 31st. Credit Suisse Group upped their price target on Under Armour from $12.02 to $12.25 and gave the stock a “neutral” rating in a research note on Tuesday, November 7th. Buckingham Research assumed coverage on Under Armour in a research note on Friday, January 5th. They set a “neutral” rating and a $17.00 price target on the stock. Vetr cut Under Armour from a “sell” rating to a “strong sell” rating and set a $12.00 price target on the stock. in a research note on Monday, December 11th. Finally, Macquarie cut Under Armour from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $10.00 to $8.00 in a research note on Tuesday, January 16th. Nineteen research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. Under Armour presently has an average rating of “Hold” and a consensus price target of $14.71.
The company has a market cap of $7,500.00, a price-to-earnings ratio of -161.45, a P/E/G ratio of 4.35 and a beta of -0.04. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.
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About Under Armour
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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