Advantage Solutions (NASDAQ:ADV) Stock Price Up 3.8% – Here’s What Happened

Advantage Solutions Inc. (NASDAQ:ADV)’s share price traded up 3.8% on Monday . The stock traded as high as $2.54 and last traded at $2.54. 30,286 shares were traded during trading, a decline of 92% from the average session volume of 363,232 shares. The stock had previously closed at $2.45.

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 stock has a market cap of $798.68 million, a price-to-earnings ratio of -6.07 and a beta of 1.54. The stock’s fifty day moving average is $2.72 and its 200-day moving average is $3.20.

Hedge Funds Weigh In On Advantage Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc acquired a new stake in Advantage Solutions during the 4th quarter worth $30,000. Humankind Investments LLC bought a new stake in shares of Advantage Solutions in the fourth quarter worth about $31,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Advantage Solutions during the fourth quarter worth about $33,000. Forum Financial Management LP bought a new position in shares of Advantage Solutions during the 4th quarter valued at about $34,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Advantage Solutions during the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

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.