Plexus (LON:POS) Shares Cross Below 200-Day Moving Average – Time to Sell?

Plexus Holdings plc (LON:POS) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 11.58 ($0.14) and traded as low as GBX 9.58 ($0.12). Plexus shares last traded at GBX 9.87 ($0.12), with a volume of 146,143 shares.

Plexus Price Performance

The company’s 50-day moving average is GBX 9.99 and its two-hundred day moving average is GBX 11.58. 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 firm has a market cap of £10.07 million, a P/E ratio of -425.00 and a beta of 0.78.

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.