adidas (ETR:ADS) Shares Down 0.5% – Here’s Why

adidas AG (ETR:ADSGet Free Report)’s stock price dropped 0.5% during trading on Thursday . The stock traded as low as €219.10 ($238.15) and last traded at €220.80 ($240.00). Approximately 376,497 shares were traded during trading, The stock had previously closed at €222.00 ($241.30).

adidas Price Performance

The company has a 50 day moving average price of €225.50 and a 200 day moving average price of €224.07. The firm has a market cap of $39.42 billion, a PE ratio of 202.57, a price-to-earnings-growth ratio of 0.64 and a beta of 1.15. The company has a current ratio of 1.27, a quick ratio of 0.39 and a debt-to-equity ratio of 113.87.

About adidas

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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.

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