Advantage Solutions (NASDAQ:ADV) Sets New 1-Year Low - Here's What Happened

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as $2.30 and last traded at $2.30, with a volume of 306 shares. The stock had previously closed at $2.38.

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 business has a 50-day moving average of $3.22 and a 200 day moving average of $3.42. The firm has a market capitalization of $737.73 million, a P/E ratio of -5.61 and a beta of 1.55.

Insider Activity at Advantage Solutions

In related news, CEO David A. Peacock bought 16,633 shares of the company's stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $3.30 per share, for a total transaction of $54,888.90. Following the completion of the purchase, the chief executive officer now directly owns 2,352,029 shares in the company, valued at $7,761,695.70. The trade was a 0.71 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 6.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Advantage Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of ADV. Algert Global LLC purchased a new position in Advantage Solutions in the second quarter worth $36,000. Y Intercept Hong Kong Ltd bought a new position in shares of Advantage Solutions in the third quarter worth approximately $54,000. Paloma Partners Management Co bought a new stake in Advantage Solutions in the 3rd quarter worth $77,000. Creative Planning purchased a new stake in shares of Advantage Solutions during the third quarter worth about $82,000. Finally, Intech Investment Management LLC bought a new stake in shares of Advantage Solutions in the 3rd quarter worth approximately $99,000. Institutional investors own 49.82% of the company's stock.

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.