adidas (ETR:ADS) Stock Price Down 1.7% – Here’s Why

Shares of adidas AG (ETR:ADS) fell 1.7% during mid-day trading on Thursday . The company traded as low as €144.55 and last traded at €144.55. 501,462 shares changed hands during trading, The stock had previously closed at €147.05.

adidas Price Performance

The business has a 50-day moving average of €160.83 and a 200 day moving average of €172.27. 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 has a market capitalization of $26.12 billion, a P/E ratio of 68.40, a price-to-earnings-growth ratio of 0.58 and a beta of 1.15.

adidas Company Profile

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.