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adidas (ETR:ADS) Trading 3% Higher - Here's Why

adidas logo with Consumer Cyclical background

adidas AG (ETR:ADS - Get Free Report)'s stock price was up 3% during trading on Wednesday . The company traded as high as €225.20 ($247.47) and last traded at €223.30 ($245.38). Approximately 611,916 shares changed hands during trading, The stock had previously closed at €216.70 ($238.13).

adidas Stock Up 0.5 %

The company has a current ratio of 1.32, a quick ratio of 0.39 and a debt-to-equity ratio of 108.20. The firm's 50 day simple moving average is €239.81 and its two-hundred day simple moving average is €233.93. The firm has a market cap of $35.44 billion, a price-to-earnings ratio of 92.82, a PEG ratio of 0.58 and a beta of 1.15.

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.

Further Reading

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