Advantage Solutions (NASDAQ:ADV) Stock Price Down 6.2% – Should You Sell?

Shares of Advantage Solutions Inc. (NASDAQ:ADV) fell 6.2% during trading on Wednesday . The stock traded as low as $2.52 and last traded at $2.49. 52,065 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 368,012 shares. The stock had previously closed at $2.65.

Advantage Solutions Stock Down 7.0 %

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’s 50 day moving average is $2.80 and its 200 day moving average is $3.24. The company has a market cap of $790.65 million, a PE ratio of -6.01 and a beta of 1.54.

Institutional Inflows and Outflows

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