Under Armour Reaches New 52-Week High (UA)

NEW YORK ( TheStreet) -- Under Armour (NYSE: UA) hit a new 52-week high Friday as it is currently trading at $56.05, above its previous 52-week high of $55.99 with 513,299 shares traded as of 11:20 a.m. ET. Average volume has been 2.2 million shares over the past 30 days.

Under Armour has a market cap of $5.94 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 49% year to date as of the close of trading on Thursday.

Under Armour, Inc. engages in the design, development, marketing, and distribution of apparel, footwear, and accessories for men, women, and youth worldwide. The company has a P/E ratio of 56.9, above the average consumer non-durables industry P/E ratio of 56.3 and above the S&P 500 P/E ratio of 17.7.

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, increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Under Armour Ratings Report.

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