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adidas (ETR:ADS) Shares Up 3.1% - Here's Why

adidas logo with Consumer Cyclical background

Shares of adidas AG (ETR:ADS - Get Free Report) rose 3.1% during trading on Wednesday . The stock traded as high as €223.70 ($251.35) and last traded at €223.60 ($251.24). Approximately 425,177 shares were traded during mid-day trading, The stock had previously closed at €216.90 ($243.71).

adidas Stock Performance

The stock has a market capitalization of $39.44 billion, a P/E ratio of 103.30, a PEG ratio of 0.58 and a beta of 1.15. The firm has a 50-day moving average of €209.97 and a 200 day moving average of €228.56. The company has a quick ratio of 0.39, a current ratio of 1.32 and a debt-to-equity ratio of 108.20.

adidas Company Profile

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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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