Xeros Technology Group plc (LON:XSG – Get Free Report) shares traded down 13.6% during mid-day trading on Tuesday . The stock traded as low as GBX 1.09 and last traded at GBX 1.17. 7,925,530 shares were traded during mid-day trading, an increase of 338% from the average daily volume of 1,810,206 shares. The stock had previously closed at GBX 1.35.
Xeros Technology Group Trading Down 13.6%
The company has a debt-to-equity ratio of 8.15, a quick ratio of 3.05 and a current ratio of 6.56. The stock has a market capitalization of £10.05 million, a price-to-earnings ratio of -1.88 and a beta of 2.36. The business has a fifty day simple moving average of GBX 1.46 and a 200 day simple moving average of GBX 1.45.
Xeros Technology Group (LON:XSG – Get Free Report) last posted its earnings results on Tuesday, September 8th. The company reported GBX (0.19) earnings per share for the quarter. Xeros Technology Group had a negative return on equity of 101.58% and a negative net margin of 1,411.16%. As a group, research analysts expect 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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