Plexus (LON:POS) Shares Up 19% – Time to Buy?

Plexus Holdings plc (LON:POS) rose 19% during mid-day trading on Monday . The stock traded as high as GBX 6.90 and last traded at GBX 6.90. Approximately 480,925 shares traded hands during mid-day trading, an increase of 73% from the average daily volume of 277,426 shares. The stock had previously closed at GBX 5.80.

Plexus Stock Up 7.0%

The company has a market cap of £12.93 million, a P/E ratio of -12.28 and a beta of 0.78. The company’s 50-day moving average is GBX 6.18 and its two-hundred day moving average is GBX 7.37. The company has a debt-to-equity ratio of 8.34, a current ratio of 1.49 and a quick ratio of 1.12.

Plexus (LON:POS) last issued its earnings results on Friday, December 19th. The company reported GBX (2.70) 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 predict that Plexus Holdings plc will post 3.256705 earnings per share 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.