Advantage Solutions (NASDAQ:ADV) Stock Price Down 4.4% – Time to Sell?

Shares of Advantage Solutions Inc. (NASDAQ:ADV) were down 4.4% during mid-day trading on Monday . The company traded as low as $1.63 and last traded at $1.63. Approximately 192,537 shares changed hands during trading, a decline of 73% from the average daily volume of 706,732 shares. The stock had previously closed at $1.70.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their target price on shares of Advantage Solutions from $5.50 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, March 11th.

Advantage Solutions Stock 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 firm has a market capitalization of $498.18 million, a P/E ratio of -3.78 and a beta of 1.66. The stock’s 50 day moving average is $2.44 and its two-hundred day moving average is $3.03.

Institutional Investors Weigh In On Advantage Solutions

A number of institutional investors and hedge funds have recently modified their holdings of ADV. CIBC Asset Management Inc bought a new stake in shares of Advantage Solutions during the fourth quarter worth approximately $30,000. Humankind Investments LLC bought a new stake in shares of Advantage Solutions during the fourth quarter worth approximately $31,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Advantage Solutions during the fourth quarter worth approximately $33,000. Forum Financial Management LP bought a new stake in shares of Advantage Solutions during the fourth quarter worth approximately $34,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Advantage Solutions during the fourth quarter worth approximately $39,000. 49.82% of the stock is owned by 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.