Advantage Solutions (NASDAQ:ADV) Trading Up 11.9% – Here’s What Happened

Advantage Solutions Inc. (NASDAQ:ADV)’s share price shot up 11.9% on Wednesday . The company traded as high as $1.74 and last traded at $1.74. 169,020 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 706,062 shares. The stock had previously closed at $1.55.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price objective on Advantage Solutions from $5.50 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, March 11th.

Advantage Solutions Stock Performance

The company has a market cap of $533.54 million, a price-to-earnings ratio of -4.05 and a beta of 1.66. The firm’s 50 day simple moving average is $2.41 and its 200-day simple moving average is $3.01. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.90 and a current ratio of 1.90.

Institutional Trading of Advantage Solutions

Hedge funds have recently bought and sold shares of the business. CIBC Asset Management Inc purchased a new stake in shares of Advantage Solutions in the fourth quarter valued at approximately $30,000. Humankind Investments LLC acquired a new position in Advantage Solutions during the fourth quarter worth $31,000. Dynamic Technology Lab Private Ltd purchased a new stake in Advantage Solutions in the 4th quarter valued at $33,000. Forum Financial Management LP acquired a new stake in shares of Advantage Solutions in the 4th quarter worth $34,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Advantage Solutions during the 4th quarter worth $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.