Plexus (LON:POS) Shares Pass Below 200-Day Moving Average – Here’s Why

Plexus Holdings plc (LON:POS)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 13.16 ($0.17) and traded as low as GBX 9 ($0.12). Plexus shares last traded at GBX 9.25 ($0.12), with a volume of 180,397 shares.

Plexus Trading Up 3.2 %

The firm has a market cap of £10.06 million, a P/E ratio of -425.00 and a beta of 0.78. The stock has a fifty day simple moving average of GBX 11.53 and a 200 day simple moving average of GBX 13.16. The company has a debt-to-equity ratio of 16.28, a quick ratio of 1.12 and a current ratio of 1.82.

Plexus Company Profile

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.