Under Armour Inc. Class C (UA) was one of the weakest stocks in the consumer goods sector of NYSE and NASDAQ listed companies on April 21, skidding 3.17% to close the day at $17.54 after closing the day prior at $18.11. Throughout the day, shares of UA traded as high as $18.12 and as low as $17.52. Today’s decline came with about 3.86 million shares changing hands, compared to an average 30-day volume of 3.51 million for Under Armour Inc. Class C. The price is currently below the 30-day volume weighted average price of $17.68 for UA.
The share depreciation gives the company a market capitalization of $7.96 billion based upon 439.36 million shares outstanding. It also means that Under Armour – C has a price-to-book ratio of 3.88:1.
In the past 52 weeks, shares of UA have traded as low as $17.05 and as high as $46.53. Technical traders will take note that at $17.54, shares of UA are trading below their 200-day MA at $27.6 and below their 50-day MA at $18.46. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is Under Armour – C?
Under Armour Inc is a developer, marketer and distributor of branded performance apparel, footwear and accessories for men, women and youth. The company’s 15200 employees are led by CEO Kevin A. Plank from the corporate headquarters at 1020 Hull Street in Baltimore, MD.
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