Advantage Solutions (NASDAQ:ADV) Reaches New 12-Month Low – Time to Sell?

Advantage Solutions Inc. (NASDAQ:ADV) shares hit a new 52-week low on Tuesday . The stock traded as low as $2.64 and last traded at $2.65, with a volume of 283862 shares changing hands. The stock had previously closed at $2.84.

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 moving average price of $3.26 and a two-hundred day moving average price of $3.43. The stock has a market capitalization of $843.58 million, a P/E ratio of -6.41 and a beta of 1.55.

Insider Buying and Selling

In related news, CEO David A. Peacock acquired 16,633 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average cost of $3.30 per share, for a total transaction of $54,888.90. Following the completion of the transaction, the chief executive officer now owns 2,352,029 shares in the company, valued at approximately $7,761,695.70. This trade represents a 0.71 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ADV. Principal Financial Group Inc. grew its position in Advantage Solutions by 11.9% during the second quarter. Principal Financial Group Inc. now owns 48,093 shares of the company’s stock valued at $155,000 after acquiring an additional 5,107 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Advantage Solutions by 22.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 34,628 shares of the company’s stock valued at $112,000 after acquiring an additional 6,449 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Advantage Solutions by 46.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,183 shares of the company’s stock valued at $84,000 after acquiring an additional 8,256 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Advantage Solutions by 22.0% during the second quarter. The Manufacturers Life Insurance Company now owns 55,592 shares of the company’s stock valued at $179,000 after acquiring an additional 10,025 shares during the last quarter. Finally, Algert Global LLC bought a new position in Advantage Solutions during the second quarter valued at approximately $36,000. 49.82% of the stock is currently owned by institutional investors.

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.