Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) shares dropped 6.2% during mid-day trading on Wednesday . The stock traded as low as $2.52 and last traded at $2.49. Approximately 52,065 shares changed hands 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 Performance
The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.81. The company has a 50 day simple moving average of $2.74 and a 200-day simple moving average of $3.23. The stock has a market capitalization of $787.44 million, a price-to-earnings ratio of -5.99 and a beta of 1.54.
Hedge Funds Weigh In On Advantage Solutions
Institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc acquired a new position in Advantage Solutions in the fourth quarter valued at approximately $30,000. Humankind Investments LLC acquired a new position in shares of Advantage Solutions during the fourth quarter worth approximately $31,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Advantage Solutions during the fourth quarter worth approximately $33,000. Forum Financial Management LP acquired a new position in shares of Advantage Solutions during the fourth quarter worth approximately $34,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Advantage Solutions during the fourth quarter worth approximately $39,000. 49.82% of the stock is owned by institutional investors and hedge funds.
About Advantage Solutions
(
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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.
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