Xeros Technology Group (LON:XSG) Shares Down 10.4% – What’s Next?

Xeros Technology Group plc (LON:XSG)’s share price fell 10.4% on Wednesday . The stock traded as low as GBX 1.50 and last traded at GBX 1.50. 3,043,970 shares traded hands during trading, an increase of 51% from the average daily volume of 2,010,437 shares. The stock had previously closed at GBX 1.68.

Xeros Technology Group Stock Performance

The company has a quick ratio of 3.05, a current ratio of 6.56 and a debt-to-equity ratio of 8.15. The stock has a fifty day moving average price of GBX 1.61 and a two-hundred day moving average price of GBX 1.51. The company has a market capitalization of £12.93 million, a price-to-earnings ratio of -2.42 and a beta of 2.36.

Xeros Technology Group (LON:XSG) last posted its quarterly earnings data on Wednesday, April 29th. The company reported GBX (0.62) EPS for the quarter. The company had revenue of GBX 24 million for the quarter. Xeros Technology Group had a negative net margin of 1,411.16% and a negative return on equity of 101.58%. As a group, analysts forecast that Xeros Technology Group plc will post -17.6399991 EPS for the current fiscal 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.