Plexus (LON:POS) Shares Pass Above 50 Day Moving Average – Should You Sell?

Shares of Plexus Holdings plc (LON:POS) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 10 ($0.12) and traded as high as GBX 10.10 ($0.12). Plexus shares last traded at GBX 9.70 ($0.12), with a volume of 99,794 shares.

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 stock has a market capitalization of £10.22 million, a P/E ratio of -425.00 and a beta of 0.78. The business has a fifty day moving average price of GBX 9.99 and a 200-day moving average price of GBX 11.74.

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.