Adidas (OTCMKTS:ADDYY) Reaches New 1-Year Low – Should You Sell?

Adidas AG (OTCMKTS:ADDYY)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $81.00 and last traded at $81.51, with a volume of 53337 shares. The stock had previously closed at $86.56.

Analyst Ratings Changes

A number of research firms have recently commented on ADDYY. Santander began coverage on Adidas in a research report on Thursday, January 15th. They set an “outperform” rating for the company. Royal Bank Of Canada downgraded shares of Adidas from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 23rd. Bank of America reissued an “underperform” rating on shares of Adidas in a research note on Tuesday, January 6th. Citigroup restated a “buy” rating on shares of Adidas in a report on Tuesday, February 3rd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $146.02 target price on shares of Adidas in a research report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Adidas presently has an average rating of “Moderate Buy” and a consensus target price of $146.02.

Adidas Price Performance

The firm has a market cap of $30.07 billion, a P/E ratio of 20.00, a PEG ratio of 0.37 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.31 and a quick ratio of 0.71. The stock’s 50-day simple moving average is $92.31 and its two-hundred day simple moving average is $97.51.

Institutional Trading of Adidas

An institutional investor recently raised its position in Adidas stock. Mar Vista Investment Partners LLC grew its stake in shares of Adidas AG (OTCMKTS:ADDYY) by 4.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,337 shares of the company’s stock after purchasing an additional 1,180 shares during the quarter. Mar Vista Investment Partners LLC’s holdings in Adidas were worth $3,550,000 at the end of the most recent quarter.

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.