Plexus (LON:POS) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Plexus Holdings plc (LON:POS)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 12.43 ($0.16) and traded as low as GBX 10.25 ($0.13). Plexus shares last traded at GBX 10.50 ($0.13), with a volume of 39,667 shares changing hands.

Plexus Stock Up 1.2 %

The business’s 50 day moving average price is GBX 10.79 and its 200-day moving average price is GBX 12.43. The company has a debt-to-equity ratio of 16.28, a current ratio of 1.82 and a quick ratio of 1.12. The company has a market cap of £11.07 million, a P/E ratio of -425.00 and a beta of 0.78.

Plexus Company Profile

Plexus Holdings plc, together with its subsidiaries, provides equipment and services for the oil and gas industry in the United Kingdom and rest of Europe. The company offers POS-GRIP technology, a patented friction grip method of engineering for oil and gas field wellheads, connectors, and metal-to-metal sealings, which includes squeezing one tubular member against another in the elastic range to effect gripping and sealing.