Advantage Solutions (NASDAQ:ADV) Shares Down 6.3% - Should You Sell?

Key Points

• Advantage Solutions Inc. saw its stock price drop by 6.3% to $1.84, with trading volume down by 69% compared to its average.
• The company's market capitalization is $611.15 million, with significant institutional trading activity, including Deutsche Bank and ProShare Advisors increasing their holdings.
• Advantage Solutions provides business solutions to consumer goods manufacturers and retailers across North America and internationally, focusing on sales and marketing services.

Advantage Solutions Inc. (NASDAQ:ADV - Get Free Report) shares dropped 6.3% during trading on Tuesday . The company traded as low as $1.77 and last traded at $1.84. Approximately 202,051 shares traded hands during trading, a decline of 69% from the average daily volume of 648,337 shares. The stock had previously closed at $1.96.

Advantage Solutions Stock Performance

The company has a debt-to-equity ratio of 2.43, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a fifty day moving average price of $1.69 and a two-hundred day moving average price of $1.51. The stock has a market capitalization of $576.93 million, a PE ratio of -1.88 and a beta of 2.19.

Institutional Trading of Advantage Solutions

A number of large investors have recently made changes to their positions in ADV. Cornerstone Wealth Management LLC purchased a new position in Advantage Solutions in the 1st quarter worth about $25,000. Creative Planning bought a new position in Advantage Solutions in the 2nd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Advantage Solutions during the second quarter worth approximately $31,000. Forum Financial Management LP bought a new stake in shares of Advantage Solutions during the fourth quarter valued at approximately $34,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Advantage Solutions in the second quarter valued at approximately $35,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

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.