Xeros Technology Group (LON:XSG) Sets New 1-Year Low – What’s Next?

by · The Cerbat Gem

Shares of Xeros Technology Group plc (LON:XSG – Get Free Report) hit a new 52-week low during trading on Monday. The company traded as low as GBX 1 and last traded at GBX 1.02, with a volume of 5,546,695 shares trading hands. The stock had previously closed at GBX 1.10.

Xeros Technology Group Price Performance

The company has a market capitalization of £8.83 million, a P/E ratio of -2.14 and a beta of 2.36. The company has a fifty day moving average price of GBX 1.27 and a 200 day moving average price of GBX 1.41. The company has a debt-to-equity ratio of 12.69, a current ratio of 7.89 and a quick ratio of 3.05.

Xeros Technology Group (LON:XSG – Get Free Report) last announced its quarterly 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 74.46% and a negative net margin of 1,161.54%. On average, sell-side analysts forecast that Xeros Technology Group plc will post -17.64 EPS for the current fiscal year.

About Xeros Technology Group

(Get Free Report)

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.

Further Reading