adidas AG (OTCMKTS:ADDYY) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of adidas AG (OTCMKTS:ADDYY - Get Free Report) have received a consensus rating of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Separately, Sanford C. Bernstein raised shares of adidas from a "market perform" rating to an "outperform" rating in a research report on Monday, January 6th.

adidas Trading Down 1.9 %

Shares of OTCMKTS:ADDYY traded down $2.40 during midday trading on Tuesday, hitting $126.70. 24,017 shares of the stock traded hands, compared to its average volume of 36,014. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $45.24 billion, a PE ratio of 97.46 and a beta of 1.19. adidas has a one year low of $99.34 and a one year high of $137.73. The business's 50 day moving average is $128.29 and its two-hundred day moving average is $124.20.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of adidas by 13.3% during the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company's stock valued at $109,000 after purchasing an additional 105 shares during the last quarter. Madison Investment Advisors LLC bought a new position in adidas during the 4th quarter valued at approximately $2,437,000. Finally, Mar Vista Investment Partners LLC raised its stake in adidas by 2.6% during the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company's stock valued at $3,556,000 after buying an additional 731 shares during the last quarter.

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adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.