Advantage Solutions (NASDAQ:ADV) Hits New 1-Year Low – Should You Sell?

Advantage Solutions Inc. (NASDAQ:ADV) shares reached a new 52-week low on Tuesday . The company traded as low as $1.51 and last traded at $1.58, with a volume of 91490 shares traded. The stock had previously closed at $1.58.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price objective on Advantage Solutions from $5.50 to $3.50 and set a “buy” rating for the company in a report on Tuesday, March 11th.

Advantage Solutions Price Performance

The company has a debt-to-equity ratio of 1.81, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $562.47 million, a P/E ratio of -4.27 and a beta of 1.66. The business’s fifty day moving average price is $2.43 and its 200 day moving average price is $3.02.

Institutional Trading of Advantage Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CastleKnight Management LP increased its stake in shares of Advantage Solutions by 61.7% in the 4th quarter. CastleKnight Management LP now owns 3,924,922 shares of the company’s stock valued at $11,461,000 after acquiring an additional 1,496,994 shares in the last quarter. Sovereign s Capital Management LLC purchased a new stake in Advantage Solutions in the 4th quarter valued at $2,599,000. Dimensional Fund Advisors LP lifted its position in shares of Advantage Solutions by 11.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,684,721 shares of the company’s stock valued at $13,679,000 after purchasing an additional 479,348 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Advantage Solutions by 193.5% in the 4th quarter. Millennium Management LLC now owns 600,149 shares of the company’s stock worth $1,752,000 after buying an additional 395,651 shares during the last quarter. Finally, PNC Financial Services Group Inc. purchased a new position in Advantage Solutions in the fourth quarter worth $1,022,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Advantage Solutions Company Profile

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.