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

Plexus Holdings plc (LON:POS) shares crossed 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 changing hands.

Plexus Price Performance

The business’s fifty day moving average is GBX 9.99 and its 200-day moving average is GBX 11.74. The firm has a market cap of £10.22 million, a PE ratio of -425.00 and a beta of 0.78. The company has a debt-to-equity ratio of 16.28, a current ratio of 1.82 and a quick ratio of 1.12.

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.