adidas (ETR:ADS) Shares Down 0.8% – What’s Next?

adidas AG (ETR:ADS)’s share price was down 0.8% during trading on Wednesday . The stock traded as low as €131.50 and last traded at €132.15. Approximately 598,342 shares were traded during trading, The stock had previously closed at €133.25.

adidas Price Performance

The stock has a market cap of $23.88 billion, a PE ratio of 62.53, a P/E/G ratio of 0.58 and a beta of 1.20. The company has a debt-to-equity ratio of 96.16, a quick ratio of 0.39 and a current ratio of 1.32. The business has a 50 day moving average price of €149.11 and a two-hundred day moving average price of €163.70.

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.