Plexus (LON:POS) Share Price Passes Below 200 Day Moving Average – Here’s Why

Plexus Holdings plc (LON:POS) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 10.30 ($0.13) and traded as low as GBX 7.06 ($0.09). Plexus shares last traded at GBX 7.06 ($0.09), with a volume of 69,943 shares traded.

Plexus Stock Performance

The company has a debt-to-equity ratio of 8.34, a quick ratio of 1.12 and a current ratio of 1.49. The stock’s 50 day moving average price is GBX 8.60 and its 200 day moving average price is GBX 10.30. The company has a market capitalization of £7.43 million, a P/E ratio of 2.53 and a beta of 0.78.

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.