WPP (LON:WPP) Trading Down 15.1% – Time to Sell?

WPP plc (LON:WPP)’s stock price was down 15.1% during trading on Thursday . The stock traded as low as GBX 616.60 ($7.75) and last traded at GBX 654 ($8.22). Approximately 45,559,234 shares traded hands during trading, an increase of 1,229% from the average daily volume of 3,427,357 shares. The stock had previously closed at GBX 770.20 ($9.69).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price objective on WPP from GBX 1,040 ($13.08) to GBX 960 ($12.07) and set a “neutral” rating for the company in a research note on Tuesday, January 7th.

WPP Stock Down 0.2 %

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 firm’s 50-day moving average is GBX 767.73 and its 200 day moving average is GBX 782.95. The firm has a market capitalization of £6.94 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 13.47 and a beta of 1.13.

WPP (LON:WPP) last released its quarterly earnings results on Thursday, February 27th. The company reported GBX 50.30 ($0.63) EPS for the quarter. WPP had a net margin of 1.37% and a return on equity of 5.92%. As a group, research analysts forecast that WPP plc will post 81.6125654 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other WPP news, insider Joanne Wilson sold 8,794 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.81), for a total value of £75,628.40 ($95,106.14). 0.22% of the stock is currently owned by company insiders.

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.