Plexus (LON:POS) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of Plexus Holdings plc (LON:POS) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 10.09 ($0.12) and traded as high as GBX 10.50 ($0.13). Plexus shares last traded at GBX 10.50 ($0.13), with a volume of 1,928 shares trading hands.

Plexus Price Performance

The company has a quick ratio of 1.12, a current ratio of 1.82 and a debt-to-equity ratio of 16.28. The stock’s 50 day moving average price is GBX 10.03 and its two-hundred day moving average price is GBX 11.89. The stock has a market cap of £10.13 million, a price-to-earnings ratio of -425.00 and a beta of 0.78.

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.