Xeros Technology Group (LON:XSG) Reaches New 1-Year Low – Should You Sell?
by Danessa Lincoln · The Markets DailyXeros Technology Group plc (LON:XSG – Get Free Report)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as GBX 1 and last traded at GBX 1.07, with a volume of 1,267,131 shares. The stock had previously closed at GBX 1.07.
Xeros Technology Group Price Performance
The company has a 50 day moving average of GBX 1.28 and a 200-day moving average of GBX 1.41. The firm has a market capitalization of £9.48 million, a P/E ratio of -2.29 and a beta of 2.36. The company has a current ratio of 7.89, a quick ratio of 3.05 and a debt-to-equity ratio of 12.69.
Xeros Technology Group (LON:XSG – Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The company reported GBX (0.19) EPS for the quarter. Xeros Technology Group had a negative net margin of 1,161.54% and a negative return on equity of 74.46%. On average, sell-side analysts predict that Xeros Technology Group plc will post -17.64 EPS for the current year.
Xeros Technology Group Company Profile
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.