Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report)'s share price rose 10% during trading on Wednesday . The stock traded as high as $1.74 and last traded at $1.77. Approximately 96,605 shares changed hands during trading, a decline of 77% from the average daily volume of 411,211 shares. The stock had previously closed at $1.61.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reduced their target price on Advantage Solutions from $5.50 to $3.50 and set a "buy" rating for the company in a research report on Tuesday, March 11th.
View Our Latest Research Report on ADV
Advantage Solutions Stock Performance
The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90. The business has a 50 day moving average price of $2.49 and a two-hundred day moving average price of $3.06. The company has a market cap of $546.40 million, a P/E ratio of -4.15 and a beta of 1.66.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of ADV. CIBC Asset Management Inc purchased a new position in shares of Advantage Solutions during the 4th quarter worth approximately $30,000. Humankind Investments LLC purchased a new position in shares of Advantage Solutions during the 4th quarter worth approximately $31,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Advantage Solutions during the 4th quarter worth approximately $33,000. Forum Financial Management LP purchased a new position in shares of Advantage Solutions during the 4th quarter worth approximately $34,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Advantage Solutions in the 4th quarter worth approximately $39,000. Institutional investors 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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