Advantage Solutions (NASDAQ:ADV) Trading Up 3.8% – Here’s What Happened

Shares of Advantage Solutions Inc. (NASDAQ:ADV) rose 3.8% during trading on Monday . The company traded as high as $2.54 and last traded at $2.54. Approximately 30,286 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 363,232 shares. The stock had previously closed at $2.45.

Advantage Solutions Price Performance

The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $798.68 million, a P/E ratio of -6.07 and a beta of 1.54. The company has a fifty day simple moving average of $2.72 and a two-hundred day simple moving average of $3.20.

Institutional Investors Weigh In On Advantage Solutions

Several institutional investors have recently modified their holdings of the business. CIBC Asset Management Inc bought a new position in Advantage Solutions in the fourth quarter valued at approximately $30,000. Humankind Investments LLC bought a new position in shares of Advantage Solutions in the 4th quarter worth $31,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Advantage Solutions during the fourth quarter worth $33,000. Forum Financial Management LP bought a new stake in Advantage Solutions in the fourth quarter valued at about $34,000. Finally, BNP Paribas Financial Markets acquired a new position in Advantage Solutions in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

About Advantage Solutions

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.