Advantage Solutions (NASDAQ:ADV) Trading Down 10.9% - Time to Sell?

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) was down 10.9% during trading on Monday . The company traded as low as $1.91 and last traded at $1.92. Approximately 157,677 shares changed hands during trading, a decline of 77% from the average daily volume of 691,230 shares. The stock had previously closed at $2.15.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their price target on shares of Advantage Solutions from $5.50 to $3.50 and set a "buy" rating for the company in a research report on Tuesday.

Advantage Solutions Stock Up 5.2 %

The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $553.30 million, a price-to-earnings ratio of -4.21 and a beta of 1.66. The business has a fifty day moving average of $2.51 and a 200 day moving average of $3.08.

Institutional Investors Weigh In On Advantage Solutions

Several institutional investors and hedge funds have recently modified their holdings of the business. Forum Financial Management LP bought a new position in Advantage Solutions during the fourth quarter valued at about $34,000. Mosaic Family Wealth Partners LLC raised its stake in shares of Advantage Solutions by 10.8% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 360,000 shares of the company's stock valued at $1,051,000 after acquiring an additional 35,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Advantage Solutions by 18.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 230,293 shares of the company's stock valued at $672,000 after acquiring an additional 35,352 shares in the last quarter. Sovereign s Capital Management LLC bought a new stake in Advantage Solutions during the fourth quarter worth approximately $2,599,000. Finally, State of Wyoming acquired a new position in Advantage Solutions during the fourth quarter valued at approximately $99,000. Institutional investors and hedge funds own 49.82% of the company's stock.

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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.