Ondo InsurTech (LON:ONDO) Sets New 52-Week Low – Here’s Why

Shares of Ondo InsurTech Plc (LON:ONDO) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 4 and last traded at GBX 4.15, with a volume of 16240955 shares trading hands. The stock had previously closed at GBX 5.40.

Ondo InsurTech Price Performance

The stock has a market capitalization of £6.22 million, a price-to-earnings ratio of -0.69 and a beta of 0.85. The firm has a fifty day moving average of GBX 15.46 and a 200 day moving average of GBX 21.60.

About Ondo InsurTech

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.