adidas AG (OTCMKTS:ADDYY - Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $128.98 and traded as low as $120.95. adidas shares last traded at $122.14, with a volume of 36,081 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Sanford C. Bernstein raised adidas from a "market perform" rating to an "outperform" rating in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on adidas
adidas Stock Down 2.3 %
The company has a 50-day simple moving average of $128.75 and a 200 day simple moving average of $124.48. The company has a market cap of $43.07 billion, a P/E ratio of 92.78 and a beta of 1.18. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44.
Hedge Funds Weigh In On adidas
Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in adidas by 13.3% in the 4th 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. Madison Investment Advisors LLC purchased a new stake in shares of adidas in the 4th quarter worth $2,437,000. Finally, Mar Vista Investment Partners LLC lifted its holdings in shares of adidas by 2.6% in 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 during the period.
About adidas
(
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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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