adidas (OTCMKTS:ADDYY) Sets New 52-Week Low – Should You Sell?

Shares of adidas AG (OTCMKTS:ADDYY) reached a new 52-week low during trading on Friday . The stock traded as low as $101.47 and last traded at $106.06, with a volume of 135828 shares traded. The stock had previously closed at $107.94.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein upgraded adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

adidas Trading Down 1.7 %

The business’s fifty day simple moving average is $126.55 and its 200 day simple moving average is $124.13. 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 stock has a market cap of $37.87 billion, a price-to-earnings ratio of 81.58 and a beta of 1.14.

Institutional Trading of adidas

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of adidas by 13.3% in the 4th quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock worth $109,000 after acquiring an additional 105 shares during the period. Madison Investment Advisors LLC bought a new stake in shares of adidas during the fourth quarter valued at about $2,437,000. Finally, Mar Vista Investment Partners LLC lifted its holdings in adidas by 2.6% in the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock worth $3,556,000 after purchasing an additional 731 shares during the period.

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.