Xeros Technology Group (LON:XSG) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Xeros Technology Group plc (LON:XSG)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 1.39 ($0.02) and traded as high as GBX 1.80 ($0.02). Xeros Technology Group shares last traded at GBX 1.70 ($0.02), with a volume of 1,211,861 shares trading hands.

Xeros Technology Group Trading Down 1.4%

The stock has a market capitalization of £8.85 million, a PE ratio of -2.88 and a beta of 1.27. The firm has a 50-day moving average price of GBX 1.39 and a 200-day moving average price of GBX 1.42. The company has a current ratio of 7.62, a quick ratio of 3.05 and a debt-to-equity ratio of 13.93.

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%. As a group, equities analysts forecast that Xeros Technology Group plc will post -17.6399991 EPS for the current fiscal 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.