Xeros Technology Group (LON:XSG – Get Free Report) released its quarterly earnings results on Tuesday. The company reported GBX (0.19) EPS for the quarter, Digital Look Earnings reports. Xeros Technology Group had a negative net margin of 1,161.54% and a negative return on equity of 74.46%.
Xeros Technology Group Stock Performance
Shares of LON XSG traded up GBX 0.05 during midday trading on Thursday, reaching GBX 1.20. The company had a trading volume of 1,338,797 shares, compared to its average volume of 1,817,097. The business’s 50-day simple moving average is GBX 1.44 and its 200 day simple moving average is GBX 1.44. The stock has a market cap of £10.34 million, a P/E ratio of -1.94 and a beta of 2.36. The company has a current ratio of 7.89, a quick ratio of 3.05 and a debt-to-equity ratio of 12.69. Xeros Technology Group has a 1 year low of GBX 1 and a 1 year high of GBX 3.10.
About Xeros Technology Group
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.
Featured Articles
- Five stocks we like better than Xeros Technology Group
- Chewy’s Sell-Off Puts Its Recurring Revenue Story Back on Trial for Investors
- Insider Sales Eclipse $450M Across 3 AI Winners, With NVIDIA Leading the Pack
- GameStop’s Comeback Case Is Getting Interesting, But eBay Still Looks Stronger
- Why Braze’s Guidance Miss May Be a Gift for Investors
Receive News & Ratings for Xeros Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xeros Technology Group and related companies with MarketBeat.com's FREE daily email newsletter.
