adidas (OTCMKTS:ADDYY) Sets New 1-Year High – Here’s What Happened

adidas AG (OTCMKTS:ADDYY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $135.68 and last traded at $134.29, with a volume of 54704 shares traded. The stock had previously closed at $132.22.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein raised shares of adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th. HSBC downgraded shares of 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 five have assigned a buy rating to the stock. Based on data from MarketBeat.com, adidas has an average rating of “Moderate Buy”.

adidas Stock Performance

The firm’s 50 day moving average price is $122.41 and its 200-day moving average price is $122.61. 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 has a market cap of $47.57 billion, a price-to-earnings ratio of 102.48 and a beta of 1.18.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. adidas had a return on equity of 7.39% and a net margin of 1.91%. The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.01 billion. On average, analysts anticipate that adidas AG will post 2.21 earnings per share for the current year.

Institutional Investors Weigh In On adidas

An institutional investor recently raised its position in adidas stock. GAMMA Investing LLC raised its holdings in adidas AG (OTCMKTS:ADDYY) by 29.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 792 shares of the company’s stock after purchasing an additional 180 shares during the quarter. GAMMA Investing LLC’s holdings in adidas were worth $105,000 as of its most recent SEC filing.

About adidas

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.