Advantage Solutions’ (ADV) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d-) rating on shares of Advantage Solutions (NASDAQ:ADV) in a report published on Wednesday,Weiss Ratings reports.

Advantage Solutions Stock Performance

NASDAQ:ADV opened at $1.48 on Wednesday. The stock has a 50-day simple moving average of $1.71 and a two-hundred day simple moving average of $1.49. Advantage Solutions has a 52-week low of $1.04 and a 52-week high of $4.04. The company has a debt-to-equity ratio of 2.43, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market capitalization of $482.41 million, a PE ratio of -1.57 and a beta of 2.17.

Hedge Funds Weigh In On Advantage Solutions

A number of hedge funds have recently made changes to their positions in ADV. Cornerstone Wealth Management LLC bought a new position in shares of Advantage Solutions in the first quarter worth about $25,000. Creative Planning bought a new position in shares of Advantage Solutions in the second quarter worth about $26,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Advantage Solutions in the second quarter worth about $31,000. Private Wealth Management Group LLC bought a new position in shares of Advantage Solutions in the second quarter worth about $35,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Advantage Solutions by 143.2% in the second quarter. Tower Research Capital LLC TRC now owns 35,394 shares of the company’s stock worth $47,000 after acquiring an additional 20,841 shares during the period. Institutional investors 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.