Advantage Solutions (NASDAQ:ADV) Stock Price Down 6.2% – Should You Sell?

Advantage Solutions Inc. (NASDAQ:ADV)’s stock price dropped 6.2% on Wednesday . The company traded as low as $2.52 and last traded at $2.49. Approximately 52,065 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 368,012 shares. The stock had previously closed at $2.65.

Advantage Solutions Stock Down 7.0 %

The firm has a market capitalization of $790.65 million, a P/E ratio of -6.01 and a beta of 1.54. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The business’s fifty day moving average price is $2.80 and its two-hundred day moving average price is $3.24.

Institutional Trading of Advantage Solutions

Institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc purchased a new position in Advantage Solutions during the 4th quarter worth approximately $30,000. Humankind Investments LLC purchased a new position in Advantage Solutions during the 4th quarter worth approximately $31,000. Dynamic Technology Lab Private Ltd purchased a new position in Advantage Solutions during the 4th quarter worth approximately $33,000. Forum Financial Management LP purchased a new position in shares of Advantage Solutions during the 4th quarter valued at approximately $34,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Advantage Solutions during the 4th quarter valued at approximately $39,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Advantage Solutions Company Profile

Advantage Solutions Inc provides business solutions to consumer goods manufacturers and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; and brand-centric merchandising services.