adidas AG (OTCMKTS:ADDYY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

adidas AG (OTCMKTS:ADDYY) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

ADDYY has been the subject of a number of recent analyst reports. Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th. HSBC downgraded adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd.

Institutional Inflows and Outflows

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

adidas Stock Performance

Shares of OTCMKTS:ADDYY opened at $131.38 on Friday. 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 company has a 50-day moving average price of $125.20 and a 200-day moving average price of $123.05. The company has a market cap of $46.92 billion, a price-to-earnings ratio of 101.06 and a beta of 1.19. adidas has a 12 month low of $90.39 and a 12 month high of $135.82.

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.