Plexus (LON:POS) Shares Pass Below 200-Day Moving Average – Should You Sell?

Plexus Holdings plc (LON:POS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 9.50 ($0.12) and traded as low as GBX 6.78 ($0.09). Plexus shares last traded at GBX 7.20 ($0.09), with a volume of 454,610 shares traded.

Plexus Trading Up 0.3 %

The firm has a market cap of £7.56 million, a P/E ratio of 2.58 and a beta of 0.78. The company has a quick ratio of 1.12, a current ratio of 1.49 and a debt-to-equity ratio of 8.34. The firm’s 50-day simple moving average is GBX 7.56 and its 200 day simple moving average is GBX 9.46.

Plexus (LON:POS) last issued its earnings results on Friday, March 28th. The company reported GBX (1.25) (($0.02)) earnings per share for the quarter. Plexus had a return on equity of 19.48% and a net margin of 23.05%. As a group, analysts expect that Plexus Holdings plc will post 3.256705 earnings per share for the current year.

Plexus Company Profile

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.