Plexus (LON:POS) Trading Up 13% – Here’s Why

Plexus Holdings plc (LON:POS)’s stock price traded up 13% during mid-day trading on Thursday . The company traded as high as GBX 7.35 ($0.10) and last traded at GBX 7.35 ($0.10). Approximately 632,700 shares changed hands during trading, an increase of 38% from the average session volume of 460,021 shares. The stock had previously closed at GBX 6.50 ($0.09).

Plexus Trading Up 13.0%

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 firm has a 50-day moving average of GBX 7.53 and a 200-day moving average of GBX 8.64. The firm has a market capitalization of £7.74 million, a P/E ratio of 2.64 and a beta of 0.78.

Plexus (LON:POS) last posted 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%. On average, equities research analysts anticipate that Plexus Holdings plc will post 3.256705 EPS for the current fiscal year.

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.