Xeros Technology Group (LON:XSG) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Xeros Technology Group plc (LON:XSG)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 1.14 ($0.02) and traded as high as GBX 1.50 ($0.02). Xeros Technology Group shares last traded at GBX 1.34 ($0.02), with a volume of 8,753,005 shares.

Xeros Technology Group Stock Performance

The company has a market capitalization of £6.23 million, a price-to-earnings ratio of -0.92 and a beta of 1.27. The stock’s 50 day moving average price is GBX 1.14 and its 200 day moving average price is GBX 0.77. The company has a current ratio of 7.62, a quick ratio of 3.05 and a debt-to-equity ratio of 13.93.

Insider Activity at Xeros Technology Group

In other news, insider David Armfield purchased 1,600,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £16,000 ($21,268.11). Insiders own 16.79% of the company’s stock.

About Xeros Technology Group

Xeros Technology plc has developed patented and proven, industry-leading technologies which reduce the environmental impact of how industries make and care for clothes.

The traditional wet processing methods used in industrial and domestic laundry and garment manufacturing consume billions of litres of fresh water and large amounts of energy and chemicals, as well as damaging and weakening clothing fibres and creating rising levels of environmental pollution.