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

Plexus Holdings plc (LON:POS) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 Stock 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 firm has a market capitalization of £10.13 million, a price-to-earnings ratio of -425.00 and a beta of 0.78. The business has a 50-day moving average price of GBX 10.03 and a 200-day moving average price of GBX 11.89.

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.