Adidas (OTCMKTS:ADDYY) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Adidas AG (OTCMKTS:ADDYY) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $81.55 and traded as high as $87.11. Adidas shares last traded at $85.93, with a volume of 76,974 shares.

Analyst Upgrades and Downgrades

ADDYY has been the topic of a number of research reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Adidas in a research note on Tuesday, May 5th. Zacks Research raised shares of Adidas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Citigroup reissued a “buy” rating on shares of Adidas in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $146.02.

Adidas Stock Up 1.8%

The company has a quick ratio of 0.68, a current ratio of 1.32 and a debt-to-equity ratio of 0.33. The firm has a market cap of $30.92 billion, a P/E ratio of 19.06, a PEG ratio of 1.17 and a beta of 1.22. The stock’s 50-day simple moving average is $81.68 and its 200 day simple moving average is $88.80.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. The business had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.36 billion. Adidas had a net margin of 5.52% and a return on equity of 23.53%. As a group, research analysts forecast that Adidas AG will post 5.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Adidas

An institutional investor recently raised its position in Adidas stock. Madison Asset Management LLC grew its stake in shares of Adidas AG (OTCMKTS:ADDYY) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,125 shares of the company’s stock after purchasing an additional 1,582 shares during the period. Madison Asset Management LLC’s holdings in Adidas were worth $1,935,000 as of its most recent filing with the Securities and Exchange Commission.

Adidas Company Profile

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.