Ondo InsurTech (LON:ONDO) Hits New 52-Week Low – Time to Sell?

Ondo InsurTech Plc (LON:ONDO) hit 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 trading hands. The stock had previously closed at GBX 14.25.

Ondo InsurTech Stock Up 1.4%

The firm has a 50-day moving average of GBX 15.91 and a 200 day moving average of GBX 22.35. The stock has a market capitalization of £22.19 million, a P/E ratio of -2.46 and a beta of 0.85.

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.