Plexus (LON:POS) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Plexus Holdings plc (LON:POS) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 10.46 ($0.13) and traded as high as GBX 10.50 ($0.13). Plexus shares last traded at GBX 10.50 ($0.13), with a volume of 30,428 shares traded.

Plexus Stock Performance

The company has a market cap of £10.72 million, a price-to-earnings ratio of -425.00 and a beta of 0.78. The company has a current ratio of 1.82, a quick ratio of 1.12 and a debt-to-equity ratio of 16.28. The stock’s 50 day moving average price is GBX 10.42 and its 200 day moving average price is GBX 12.10.

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.