Ondo InsurTech (LON:ONDO) Hits New 52-Week Low – Here’s What Happened

Ondo InsurTech Plc (LON:ONDOGet Free Report)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as GBX 20 and last traded at GBX 20.40, with a volume of 1425808 shares traded. The stock had previously closed at GBX 21.50.

Ondo InsurTech Price Performance

The firm’s 50 day simple moving average is GBX 26.71 and its two-hundred day simple moving average is GBX 27.65. The firm has a market capitalization of £28.37 million, a P/E ratio of -3.38 and a beta of 0.85.

About Ondo InsurTech

(Get Free Report)

Ondo is a world leading provider of claims prevention technology for home insurers. Ondo’s focus is on the global scale-up of LeakBot – claims prevention technology that prevents water damage claims in houses. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to ‘find and fix’ the problem.

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