Plexus (LON:POS) Trading 12.1% Higher – Still a Buy?

Plexus Holdings plc (LON:POS) shares rose 12.1% during trading on Saturday . The stock traded as high as GBX 8 ($0.10) and last traded at GBX 7.62 ($0.10). Approximately 4,629,558 shares traded hands during trading, an increase of 1,621% from the average daily volume of 269,005 shares. The stock had previously closed at GBX 6.80 ($0.09).

Plexus Price Performance

The stock has a 50-day moving average price of GBX 7.97 and a two-hundred day moving average price of GBX 9.88. The company has a current ratio of 1.49, a quick ratio of 1.12 and a debt-to-equity ratio of 8.34. The stock has a market cap of £8.03 million, a price-to-earnings ratio of 2.74 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.