adidas AG (OTCMKTS:ADDYY) Given Average Recommendation of “Moderate Buy” by Brokerages

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

Separately, Sanford C. Bernstein upgraded adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th.

adidas Stock Performance

adidas stock opened at $127.59 on Tuesday. 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 fifty day moving average price of $128.38 and a two-hundred day moving average price of $124.32. adidas has a 52-week low of $99.34 and a 52-week high of $137.73. The firm has a market capitalization of $45.56 billion, a P/E ratio of 98.15 and a beta of 1.19.

Institutional Trading of adidas

Several large investors have recently made changes to their positions in ADDYY. Madison Investment Advisors LLC bought a new stake in shares of adidas during the fourth quarter worth $2,437,000. Mar Vista Investment Partners LLC raised its position in shares of adidas by 2.6% during 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. Finally, GAMMA Investing LLC raised its position in shares of adidas by 13.3% during the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock worth $109,000 after purchasing an additional 105 shares during the period.

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.