adidas (OTCMKTS:ADDYY) Reaches New 52-Week High – Here’s What Happened

adidas AG (OTCMKTS:ADDYY)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $136.49 and last traded at $135.82, with a volume of 25829 shares traded. The stock had previously closed at $132.35.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein raised shares of adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

adidas Stock Performance

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 business has a 50 day moving average price of $126.86 and a two-hundred day moving average price of $123.36. The stock has a market cap of $48.50 billion, a PE ratio of 104.48 and a beta of 1.19.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC raised its holdings in adidas AG (OTCMKTS:ADDYY) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 897 shares of the company’s stock after buying an additional 105 shares during the quarter. GAMMA Investing LLC’s holdings in adidas were worth $109,000 at the end of the most recent quarter.

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.