Xeros Technology Group (LON:XSG) Sets New 12-Month Low – Time to Sell?

Shares of Xeros Technology Group plc (LON:XSG) hit a new 52-week low during trading 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 traded. The stock had previously closed at GBX 1.07.

Xeros Technology Group Price Performance

The company has a debt-to-equity ratio of 12.69, a quick ratio of 3.05 and a current ratio of 7.89. The firm’s 50 day moving average price is GBX 1.29 and its two-hundred day moving average price is GBX 1.41. The company has a market cap of £9.27 million, a P/E ratio of -2.24 and a beta of 2.36.

Xeros Technology Group (LON:XSG) last issued its earnings results on Tuesday, September 8th. The company reported GBX (0.19) earnings per share (EPS) for the quarter. Xeros Technology Group had a negative return on equity of 74.46% and a negative net margin of 1,161.54%. Equities research analysts anticipate that Xeros Technology Group plc will post -17.64 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.