Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report)'s share price shot up 6% during mid-day trading on Thursday . The stock traded as high as $1.67 and last traded at $1.68. 56,394 shares traded hands during trading, a decline of 92% from the average session volume of 710,749 shares. The stock had previously closed at $1.58.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group decreased their price objective on Advantage Solutions from $5.50 to $3.50 and set a "buy" rating on the stock in a report on Tuesday, March 11th.
View Our Latest Report on Advantage Solutions
Advantage Solutions Price 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 market capitalization of $485.33 million, a price-to-earnings ratio of -3.68 and a beta of 1.66. The company has a 50 day simple moving average of $2.31 and a 200 day simple moving average of $2.91.
Hedge Funds Weigh In On Advantage Solutions
Hedge funds and other institutional investors have recently made changes to their positions in the business. Forum Financial Management LP acquired a new stake in Advantage Solutions in the fourth quarter valued at approximately $34,000. Mosaic Family Wealth Partners LLC increased its stake in Advantage Solutions by 10.8% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 360,000 shares of the company's stock worth $1,051,000 after buying an additional 35,000 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 worth $672,000 after buying an additional 35,352 shares in the last quarter. Sovereign s Capital Management LLC purchased a new position in Advantage Solutions in the 4th quarter valued at about $2,599,000. Finally, State of Wyoming acquired a new stake in shares of Advantage Solutions during the fourth quarter valued at about $99,000. Institutional investors and hedge funds own 49.82% of the company's stock.
About Advantage Solutions
(
Get Free Report)
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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