Plexus (LON:POS) Trading Down 10.6% – Here’s Why

Shares of Plexus Holdings plc (LON:POS) traded down 10.6% during mid-day trading on Friday . The stock traded as low as GBX 8.05 ($0.10) and last traded at GBX 8.56 ($0.11). 690,611 shares were traded during trading, an increase of 46% from the average session volume of 473,157 shares. The stock had previously closed at GBX 9.58 ($0.12).

Plexus Price 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’s 50-day moving average price is GBX 7.87 and its 200-day moving average price is GBX 9.77. The company has a market cap of £9.02 million, a P/E ratio of 3.08 and a beta of 0.78.

Plexus (LON:POS) last released its quarterly earnings results on Friday, March 28th. The company reported GBX (1.25) (($0.02)) 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, sell-side analysts predict that Plexus Holdings plc will post 3.256705 earnings per share for the current fiscal 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.