Xeros Technology Group (LON:XSG) Shares Up 5.3% – Here’s What Happened

Xeros Technology Group plc (LON:XSG)’s stock price rose 5.3% during trading on Thursday . The stock traded as high as GBX 2 and last traded at GBX 2. Approximately 715,720 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 2,331,464 shares. The stock had previously closed at GBX 1.90.

Xeros Technology Group Price Performance

The business has a fifty day moving average of GBX 1.69 and a 200 day moving average of GBX 1.54. The company has a debt-to-equity ratio of 13.93, a current ratio of 7.62 and a quick ratio of 3.05. The stock has a market cap of £11.51 million, a PE ratio of -3.75 and a beta of 1.27.

Xeros Technology Group (LON:XSG) last announced its earnings results on Tuesday, September 30th. The company reported GBX (0.33) earnings per share (EPS) for the quarter. Xeros Technology Group had a negative net margin of 1,549.43% and a negative return on equity of 125.23%. Sell-side analysts anticipate that Xeros Technology Group plc will post -17.6399991 earnings per share 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.