Plexus (LON:POS) Trading 12.1% Higher – Time to Buy?

Plexus Holdings plc (LON:POS) shares rose 12.1% during trading on Saturday . The stock traded as high as GBX 8 ($0.10) and last traded at GBX 7.62 ($0.10). Approximately 4,629,558 shares were traded during trading, an increase of 1,621% from the average daily volume of 269,005 shares. The stock had previously closed at GBX 6.80 ($0.09).

Plexus Price Performance

The company’s fifty day moving average price is GBX 7.97 and its 200 day moving average price is GBX 9.86. The company has a market capitalization of £8.03 million, a P/E ratio of 2.74 and a beta of 0.78. The company has a quick ratio of 1.12, a current ratio of 1.49 and a debt-to-equity ratio of 8.34.

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.