Adidas (OTCMKTS:ADDYY) Sees Unusually-High Trading Volume – Here’s Why

Adidas AG (OTCMKTS:ADDYY) saw an uptick in trading volume on Monday . 173,203 shares changed hands during mid-day trading, an increase of 147% from the previous session’s volume of 69,988 shares.The stock last traded at $99.5765 and had previously closed at $98.19.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. BTIG Research began coverage on shares of Adidas in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adidas in a research note on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Adidas presently has a consensus rating of “Buy”.

Adidas Trading Up 1.7%

The stock has a 50 day moving average of $94.90 and a 200-day moving average of $103.65. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $35.67 billion, a P/E ratio of 26.15, a P/E/G ratio of 0.41 and a beta of 1.20.

Adidas (OTCMKTS:ADDYY) last released its earnings results on Wednesday, October 29th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.07). The business had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $6.22 billion. Adidas had a return on equity of 20.72% and a net margin of 5.00%. On average, research analysts predict that Adidas AG will post 2.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in Adidas by 30.1% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock valued at $161,000 after acquiring an additional 318 shares during the last quarter. Yousif Capital Management LLC increased its holdings in Adidas by 9.4% during the second quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock valued at $607,000 after buying an additional 450 shares during the period. Rhumbline Advisers raised its position in shares of Adidas by 7.9% in the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock worth $1,139,000 after acquiring an additional 709 shares in the last quarter. Madison Asset Management LLC raised its holdings in Adidas by 11.5% in the third quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock worth $2,166,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Mar Vista Investment Partners LLC lifted its position in Adidas by 4.0% during the second quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after acquiring an additional 1,180 shares during the last quarter.

Adidas Company Profile

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.