Plexus (LON:POS) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Plexus Holdings plc (LON:POS)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 6.07 and traded as high as GBX 6.14. Plexus shares last traded at GBX 6.13, with a volume of 620,207 shares.

Plexus Trading Up 3.6%

The company has a market cap of £11.19 million, a PE ratio of -2.40 and a beta of 0.78. The company’s 50 day simple moving average is GBX 6.07 and its two-hundred day simple moving average is GBX 7.15. The company has a debt-to-equity ratio of 8.34, a current ratio of 1.49 and a quick ratio of 1.12.

Plexus (LON:POS) last issued its quarterly earnings data on Friday, December 19th. The company reported GBX (2.70) EPS for the quarter. Plexus had a return on equity of 19.48% and a net margin of 23.05%. As a group, sell-side analysts anticipate that Plexus Holdings plc will post 3.256705 EPS for the current fiscal year.

About Plexus

For over 30 years, Plexus has been protecting the environment, initially with its “through the BOP” (Blow-out Preventer) wellhead designs, and subsequently with its proprietary leak-proof wellhead sealing system, POS-GRIP®.
POS-GRIP technology ensures that net zero, leak-free performance can be guaranteed for the life of a well, reducing harmful methane emissions and unnecessary intervention costs; this helps operators to fulfil their ESG responsibilities.
This simple proprietary method of engineering, using sealing principles derived from the Hertzian Stress Theory, has been independently verified and used by many of the blue-chip oil and gas operators in over 400 wells.
In July 2021, Plexus received the London Stock Exchange’s Green Economy Mark in recognition of its contribution to the global green economy and alignment with net zero and ESG principles.