Plexus (LON:POS) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Plexus Holdings plc (LON:POS) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 12.43 ($0.16) and traded as low as GBX 10.25 ($0.13). Plexus shares last traded at GBX 10.50 ($0.13), with a volume of 39,667 shares traded.

Plexus Trading Up 1.2 %

The business’s 50 day moving average price is GBX 10.74 and its two-hundred day moving average price is GBX 12.42. The company has a market capitalization of £11.07 million, a price-to-earnings ratio of -425.00 and a beta of 0.78. The company has a debt-to-equity ratio of 16.28, a quick ratio of 1.12 and a current ratio of 1.82.

About Plexus

Plexus Holdings plc, together with its subsidiaries, provides equipment and services for the oil and gas industry in the United Kingdom and rest of Europe. The company offers POS-GRIP technology, a patented friction grip method of engineering for oil and gas field wellheads, connectors, and metal-to-metal sealings, which includes squeezing one tubular member against another in the elastic range to effect gripping and sealing.