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

Shares of Xeros Technology Group plc (LON:XSG) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1.41 ($0.02) and traded as high as GBX 1.95 ($0.03). Xeros Technology Group shares last traded at GBX 1.82 ($0.02), with a volume of 758,221 shares traded.

Xeros Technology Group Stock Up 5.4%

The firm has a market capitalization of £9.23 million, a PE ratio of -1.36 and a beta of 1.27. The company has a fifty day simple moving average of GBX 1.41 and a two-hundred day simple moving average of GBX 0.98. The company has a debt-to-equity ratio of 13.93, a quick ratio of 3.05 and a current ratio of 7.62.

Xeros Technology Group (LON:XSG) last issued its earnings results on Tuesday, May 20th. The company reported GBX (1.08) (($0.01)) earnings per share for the quarter. Xeros Technology Group had a negative return on equity of 125.23% and a negative net margin of 1,549.43%. 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.