Under Armour (NYSE:UA) has managed to see significant recovery in revenues across the Asia-Pacific region, and inventory to revenue has reverted to pre-pandemic levels. This stock could be of interest to investors with a higher appetite for risk and a longer-term horizon. However, the company may continue to face short-term challenges as a result of the COVID-19 pandemic.
Like other companies in the sports apparel industry, Under Armour saw a steep decline in March 2020 as a result of the COVID-19 pandemic. However, price has risen back to pre-COVID levels as investors continue to bet on post-COVID growth:
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