Plexus (LON:POS) Stock Price Up 12.1% – Time to Buy?

Shares of Plexus Holdings plc (LON:POS) shot up 12.1% during mid-day trading on Friday . The stock traded as high as GBX 8 ($0.10) and last traded at GBX 7.62 ($0.10). 4,629,558 shares changed hands during trading, an increase of 1,621% from the average session volume of 269,005 shares. The stock had previously closed at GBX 6.80 ($0.09).

Plexus Price Performance

The company has a current ratio of 1.49, a quick ratio of 1.12 and a debt-to-equity ratio of 8.34. The business’s fifty day moving average is GBX 7.97 and its 200 day moving average is GBX 9.88. The company has a market cap of £8.03 million, a P/E ratio of 2.74 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.