Advantage Solutions (NASDAQ:ADV) Stock Price Down 10.9% – Time to Sell?

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

Advantage Solutions Stock Performance

The stock has a market capitalization of $588.58 million, a P/E ratio of -4.48 and a beta of 1.66. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.81. The company has a 50-day moving average price of $2.61 and a two-hundred day moving average price of $3.13.

Institutional Investors Weigh In On Advantage Solutions

A number of hedge funds have recently added to or reduced their stakes in ADV. CIBC Asset Management Inc bought a new position in shares of Advantage Solutions during the 4th quarter worth approximately $30,000. Humankind Investments LLC acquired a new position in shares of Advantage Solutions during the 4th quarter valued at $31,000. Dynamic Technology Lab Private Ltd bought a new position in Advantage Solutions during the fourth quarter worth $33,000. Forum Financial Management LP acquired a new stake in Advantage Solutions in the fourth quarter worth $34,000. Finally, BNP Paribas Financial Markets bought a new stake in Advantage Solutions in the fourth quarter valued at $39,000. 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.