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adidas AG (NASDAQ:ADDYY) was downgraded by analysts at HSBC from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, reports.

Shares of adidas AG (NASDAQ:ADDYY) opened at 57.76 on Thursday. adidas AG has a 52 week low of $44.99 and a 52 week high of $64.24. The stock’s 50-day moving average is $59.43 and its 200-day moving average is $57.70. The company has a market cap of $24.169 billion and a price-to-earnings ratio of 35.93.

adidas AG designs, develops, produces, and markets through its own retail activities a range of athletic and sports lifestyle products.

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