Under Armour Reaches New 52-Week High (UA)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
NEW YORK (TheStreet) -- Under Armour (UA">UA) hit a new 52-week high Wednesday as it is currently trading at $64.96, above its previous 52-week high of $64.47 with 753,172 shares traded as of 11:35 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.
Under Armour has a market cap of $5.22 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 32.5% year to date as of the close of trading on Tuesday.
Under Armour, Inc. engages in the development, marketing, and distribution of branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, the Middle East, Africa, Asia, and Latin America. The company has a P/E ratio of 53.5, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Under Armour as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Under Armour Ratings Report.
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