adidas AG (OTCMKTS:ADDYY - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $101.47 and last traded at $106.06, with a volume of 135828 shares trading hands. The stock had previously closed at $107.94.
Analyst Ratings Changes
Separately, Sanford C. Bernstein upgraded adidas from a "market perform" rating to an "outperform" rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".
Read Our Latest Analysis on ADDYY
adidas Stock Up 13.2 %
The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.78. The firm's 50-day moving average price is $123.80 and its 200 day moving average price is $123.53. The firm has a market capitalization of $40.53 billion, a price-to-earnings ratio of 87.32 and a beta of 1.14.
Hedge Funds Weigh In On adidas
Several hedge funds have recently bought and sold shares of ADDYY. GAMMA Investing LLC boosted its stake 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 acquiring an additional 105 shares during the last quarter. Rhumbline Advisers lifted its holdings in adidas by 7.9% in the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company's stock valued at $1,139,000 after purchasing an additional 709 shares in the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of adidas during the 4th quarter worth about $2,437,000. Finally, Mar Vista Investment Partners LLC grew its holdings in shares of adidas by 2.6% during the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company's stock worth $3,556,000 after buying an additional 731 shares in the last quarter.
About adidas
(
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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