Advantage Solutions (NASDAQ:ADV) Sets New 52-Week Low – Should You Sell?

Advantage Solutions Inc. (NASDAQ:ADV)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $2.30 and last traded at $2.30, with a volume of 306 shares trading hands. The stock had previously closed at $2.38.

Advantage Solutions Stock Down 1.3 %

The firm has a 50-day moving average price of $3.24 and a 200 day moving average price of $3.43. 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 company has a market cap of $753.77 million, a price-to-earnings ratio of -5.73 and a beta of 1.55.

Insider Activity

In related news, CEO David A. Peacock purchased 16,633 shares of Advantage Solutions stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of $3.30 per share, with a total value of $54,888.90. Following the completion of the transaction, the chief executive officer now directly owns 2,352,029 shares of the company’s stock, valued at $7,761,695.70. This represents a 0.71 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Advantage Solutions

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in shares of Advantage Solutions by 116.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 323,374 shares of the company’s stock valued at $1,109,000 after purchasing an additional 174,220 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Advantage Solutions by 14.8% in the 3rd quarter. Principal Financial Group Inc. now owns 55,207 shares of the company’s stock valued at $189,000 after acquiring an additional 7,114 shares during the last quarter. Barclays PLC lifted its stake in shares of Advantage Solutions by 318.7% in the 3rd quarter. Barclays PLC now owns 166,024 shares of the company’s stock valued at $570,000 after acquiring an additional 126,375 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Advantage Solutions in the 3rd quarter valued at $54,000. Finally, XTX Topco Ltd bought a new position in shares of Advantage Solutions in the 3rd quarter valued at $214,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

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.