Shares last traded at $58.54 which is marginally higher than the 50 day moving average of $55.88 and which is a tad above the 200 day moving average of $53.35. The 50 day moving average went up by +4.76% and the 200 day average went up $5.19 or +9.73%. Trading was light with 710 shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 99.63% under the normal average daily volume.
Investors are feeling more bearish on the company lately if you take a look at the uptick in short interest. The stock experienced a rise in short interest of 33.18% between September 15, 2017 and September 29, 2017. Short shares increased 235,299 over that timeframe. The short-interest ratio decreased to 5.0 and the percentage of shorted shares is 0.03% as of September 29.
These firms have modified their investment in PLXS. Meeder Asset Management Inc divested its stake by shedding 56 shares a decrease of 5.2% in the quarter. Meeder Asset Management Inc owns 1,022 shares with a value of $57,000. The value of the position overall is down by 0.0%. Mutual Of America Capital Management LLC grew its ownership by buying 1,861 shares an increase of 2.8%. Mutual Of America Capital Management LLC controls 68,101 shares valued at $3,819,000. The total value of its holdings increased 9.7%.
Shell Asset Management CO cut its holdings by shedding 900 shares a decrease of 2.2% as of 09/30/2017. Shell Asset Management CO claims 39,939 shares worth $2,240,000. The total value of its holdings increased 4.3%. As of the end of the quarter Bowling Portfolio Management LLC had sold 15 shares trimming its holdings by 0.1%. The value of the investment in PLXS went from $534,000 to $569,000 increasing 6.6% since the last quarter.
Plexus Corp. currently has a P/E ratio of 19.76 and market cap is 1.97B. In the last earnings report the EPS was $2.96 and is expected to be $3.22 for the current year with 33,600,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.83 with next year’s EPS projected to be $3.46.
Plexus Corp. (Plexus), launched on August 29, 1979, and its subsidiaries are engaged in the electronic manufacturing services (EMS) industry. The Company delivers end-to-end solutions for customers in the Americas (AMER), Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The Business’s segments are AMER, APAC and EMEA. The Business’s customer-focused solutions model integrates product conceptualization, design, commercialization, manufacturing, fulfillment and sustaining solutions. The Company delivers solutions to its customers through its product realization value stream. The Company provides customer services to approximately 140 branded product companies in the healthcare/life sciences, industrial/commercial, networking/communications and defense/security/aerospace market sectors..