Plexus (LON:POS) Trading Up 15.4% – Here’s Why

Plexus Holdings plc (LON:POS)’s stock price was up 15.4% during trading on Thursday . The stock traded as high as GBX 6.49 and last traded at GBX 6.49. Approximately 818,681 shares were traded during mid-day trading, an increase of 182% from the average daily volume of 290,436 shares. The stock had previously closed at GBX 5.63.

Plexus Stock Performance

The company’s fifty day simple moving average is GBX 6.64 and its two-hundred day simple moving average is GBX 7.50. The company has a debt-to-equity ratio of 8.34, a quick ratio of 1.12 and a current ratio of 1.49. The stock has a market capitalization of £8.73 million, a P/E ratio of -8.29 and a beta of 0.78.

Plexus (LON:POS) last released its quarterly earnings results on Friday, December 19th. The company reported GBX (2.70) earnings per share (EPS) for the quarter. Plexus had a net margin of 23.05% and a return on equity of 19.48%. As a group, equities analysts forecast that Plexus Holdings plc will post 3.256705 EPS for the current year.

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.