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adidas (ETR:ADS) Trading 1.2% Higher - Here's What Happened

adidas logo with Consumer Cyclical background

adidas AG (ETR:ADS - Get Free Report)'s stock price shot up 1.2% during mid-day trading on Friday . The company traded as high as €245.40 ($258.32) and last traded at €244.50 ($257.37). 381,243 shares changed hands during mid-day trading, The stock had previously closed at €241.50 ($254.21).

adidas Price Performance

The company has a 50-day moving average of €225.31 and a 200-day moving average of €224.31. The company has a debt-to-equity ratio of 100.74, a quick ratio of 0.39 and a current ratio of 1.32. The firm has a market capitalization of $42.85 billion, a price-to-earnings ratio of 113.21, a price-to-earnings-growth ratio of 0.58 and a beta of 1.15.

adidas Company Profile

(Get Free Report)

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.

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