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

Shares of Xeros Technology Group plc (LON:XSG) 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.

Xeros Technology Group Price Performance

The firm has a 50 day moving average price of GBX 1.39 and a two-hundred day moving average price of GBX 1.42. The company has a debt-to-equity ratio of 13.93, a quick ratio of 3.05 and a current ratio of 7.62. The company has a market cap of £8.85 million, a P/E ratio of -2.88 and a beta of 1.27.

Xeros Technology Group (LON:XSG) last issued its earnings results on Tuesday, September 30th. The company reported GBX (0.33) EPS for the quarter. Xeros Technology Group had a negative return on equity of 125.23% and a negative net margin of 1,549.43%. On average, analysts predict 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.