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adidas (ETR:ADS) Trading Down 2.5% - Should You Sell?

adidas logo with Consumer Cyclical background

adidas AG (ETR:ADS - Get Free Report)'s stock price dropped 2.5% on Friday . The company traded as low as €192.20 ($226.12) and last traded at €192.20 ($226.12). Approximately 420,713 shares changed hands during mid-day trading, The stock had previously closed at €197.10 ($231.88).

adidas Stock Performance

The stock has a 50 day moving average price of €209.89 and a two-hundred day moving average price of €225.89. The company has a debt-to-equity ratio of 108.20, a current ratio of 1.32 and a quick ratio of 0.39. The company has a market capitalization of $34.73 billion, a price-to-earnings ratio of 90.95, a price-to-earnings-growth ratio of 0.58 and a beta of 1.15.

About adidas

(Get Free Report)

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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