Xeros Technology Group plc (LON:XSG – Get Free Report)’s share price fell 13.6% during trading on Tuesday . The stock traded as low as GBX 1.09 and last traded at GBX 1.17. Approximately 7,925,530 shares were traded during trading, an increase of 338% from the average session volume of 1,810,206 shares. The stock had previously closed at GBX 1.35.
Xeros Technology Group Stock Performance
The company has a current ratio of 7.89, a quick ratio of 3.05 and a debt-to-equity ratio of 12.69. The company has a market cap of £10.34 million, a price-to-earnings ratio of -1.94 and a beta of 2.36. The stock has a 50 day moving average price of GBX 1.44 and a two-hundred day moving average price of GBX 1.44.
Xeros Technology Group (LON:XSG – Get Free Report) last announced its quarterly earnings data on Tuesday, September 8th. The company reported GBX (0.19) EPS for the quarter. Xeros Technology Group had a negative return on equity of 74.46% and a negative net margin of 1,161.54%. Analysts predict that Xeros Technology Group plc will post -17.6399991 EPS for the current year.
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. It is estimated that washing machines contribute 35% of the 171 trillion microplastic particles in the ocean.
A range of actors, including consumers, the media NGOs and regulators are exerting pressure on these industries, with legislative action beginning to be taken.
Xeros’ three main technologies, Microfibre Pollution Filter, Laundry Care, and Garment Finishing, facilitate garment manufacturers, industrial laundries, domestic washing machine manufacturers and consumers, to reduce their environmental impact, whilst also significantly improving efficiency in the process.
Xeros’ model is to generate revenue from licensing its technologies, generating royalties and the sale of consumables.
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