Plexus (LON:POS) Trading Down 6.5% – Here’s Why

Shares of Plexus Holdings plc (LON:POS) were down 6.5% during mid-day trading on Thursday . The stock traded as low as GBX 7.50 ($0.10) and last traded at GBX 7.95 ($0.10). Approximately 605,459 shares were traded during trading, an increase of 21% from the average daily volume of 499,248 shares. The stock had previously closed at GBX 8.50 ($0.11).

Plexus Stock Performance

The company has a debt-to-equity ratio of 8.34, a current ratio of 1.49 and a quick ratio of 1.12. The company has a market capitalization of £7.25 million, a PE ratio of 2.47 and a beta of 0.78. The stock has a 50-day simple moving average of GBX 7.76 and a 200 day simple moving average of GBX 9.65.

Plexus (LON:POS) last released its quarterly earnings data on Friday, March 28th. The company reported GBX (1.25) (($0.02)) EPS for the quarter. Plexus had a return on equity of 19.48% and a net margin of 23.05%. Equities analysts anticipate that Plexus Holdings plc will post 3.256705 EPS for the current fiscal year.

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.