WPP (LON:WPP) Stock Price Down 17.2% - Should You Sell?

Shares of WPP plc (LON:WPP - Get Free Report) traded down 17.2% on Wednesday . The company traded as low as GBX 435.50 ($5.87) and last traded at GBX 437 ($5.90). 115,284,773 shares changed hands during mid-day trading, an increase of 1,133% from the average session volume of 9,353,059 shares. The stock had previously closed at GBX 527.60 ($7.12).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price target on WPP from GBX 590 ($7.96) to GBX 480 ($6.48) and set a "neutral" rating on the stock in a research report on Thursday.

WPP Trading Down 2.9%

The company has a debt-to-equity ratio of 215.67, a quick ratio of 0.89 and a current ratio of 0.89. The company has a 50-day simple moving average of GBX 554.35 and a 200 day simple moving average of GBX 630.83. The company has a market capitalization of £4.54 billion, a P/E ratio of 22.23, a P/E/G ratio of 13.47 and a beta of 1.13.

About WPP

WPP is the creative transformation company, using the power of creativity to build better futures for our people, planet, clients and communities. At WPP we're reinventing creativity on an ever-broader canvas, bringing together unrivalled talent, resources and skills to provide an integrated offer of communications, experience, commerce and technology for clients.