Ondo InsurTech (LON:ONDO) Hits New 12-Month Low – Time to Sell?

Ondo InsurTech Plc (LON:ONDO) shares reached a new 52-week low during trading on Monday . The company traded as low as GBX 14 and last traded at GBX 14.85, with a volume of 395929 shares traded. The stock had previously closed at GBX 14.25.

Ondo InsurTech Trading Up 4.2%

The company has a market cap of £22.25 million, a price-to-earnings ratio of -2.46 and a beta of 0.85. The stock has a 50 day moving average price of GBX 16 and a two-hundred day moving average price of GBX 22.61.

Ondo InsurTech Company Profile

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.