adidas (ETR:ADS) Trading Up 1.4% - Here's Why

Key Points

• Shares rose 1.4% to €137.90 on Wednesday (intraday high €138.30) with about 637,277 shares traded, versus a prior close of €136.00.
• Valuation and technicals: market cap €/USD $24.92 billion, P/E 65.25, PEG 0.58 and beta 1.20; the stock is trading below its 50‑day (€144.35) and 200‑day (€159.05) moving averages.
• Business overview: adidas designs, produces and sells footwear, apparel and accessories globally through owned stores, franchise/mono‑brand shops, wholesale and e‑commerce channels.

adidas AG (ETR:ADS - ) shares were up 1.4% on Wednesday . The stock traded as high as €138.30 and last traded at €137.90. Approximately 637,277 shares traded hands during trading, The stock had previously closed at €136.00.

adidas Trading Up 1.4%

The stock has a market cap of $24.92 billion, a price-to-earnings ratio of 65.25, a price-to-earnings-growth ratio of 0.58 and a beta of 1.20. The firm's 50 day moving average is €144.35 and its two-hundred day moving average is €159.05. The company has a quick ratio of 0.39, a current ratio of 1.32 and a debt-to-equity ratio of 96.16.

About adidas

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. It sells its products through its own retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.

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