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

Shares of adidas AG (OTCMKTS:ADDYY) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th. HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd.

adidas Stock Performance

Shares of adidas stock opened at $134.97 on Friday. 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 50 day simple moving average of $125.82 and a 200 day simple moving average of $123.16. adidas has a fifty-two week low of $90.39 and a fifty-two week high of $135.82. The firm has a market cap of $48.20 billion, a P/E ratio of 103.82 and a beta of 1.19.

Hedge Funds Weigh In On adidas

An institutional investor recently raised its position in adidas stock. GAMMA Investing LLC increased its position in shares of adidas AG (OTCMKTS:ADDYY) by 29.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 792 shares of the company’s stock after acquiring 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.

adidas Company Profile

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.