ADR ratio

American Depository Receipt Ratio

The number of foreign shares represented by a single American Depository Receipt (ADR). An ADR is a certificate issued by a bank representing a certain number of shares of a stock the bank holds in trust, but that are traded on a foreign stock exchange and denominated in U.S. dollars. The number of shares represented by a single ADR is at the discretion of the bank issuing the ADR. The ADR ratio can have an effect on the price of the ADR.

ADR ratio

The number of foreign shares represented by one American Depositary Receipt.
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These changes to the ADR ratio will bring the ADR price broadly in line with the market average.
United States : Change in ADR Ratio and ADR Depositary
Yesterday, MTS (MBT - Buy) announced it will change its ADR ratio from five common shares per ADR currently to two common shares per ADR.
Uralsib - Russia Daily Equity Update - Apr 21, 2010

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