Shares of adidas AG (OTCMKTS:ADDYY - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $136.49 and last traded at $135.82, with a volume of 25829 shares changing hands. The stock had previously closed at $132.35.
Analyst Ratings Changes
Several research firms have recently weighed in on ADDYY. Sanford C. Bernstein upgraded adidas from a "market perform" rating to an "outperform" rating in a research note on Monday, January 6th. HSBC downgraded adidas from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".
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adidas Stock Down 0.7 %
The firm has a market capitalization of $48.49 billion, a price-to-earnings ratio of 104.46 and a beta of 1.19. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average price of $127.47 and a 200 day moving average price of $123.56.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Madison Investment Advisors LLC acquired a new position in adidas during the 4th quarter worth $2,437,000. Mar Vista Investment Partners LLC lifted its holdings in adidas by 2.6% during the 4th 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. Finally, GAMMA Investing LLC lifted its holdings in adidas by 13.3% during the 4th quarter. GAMMA Investing LLC now owns 897 shares of the company's stock worth $109,000 after buying an additional 105 shares in the last quarter.
adidas Company Profile
(
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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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