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

Ondo InsurTech Plc (LON:ONDOGet Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as GBX 2.81 and last traded at GBX 3.24, with a volume of 3433471 shares traded. The stock had previously closed at GBX 3.63.

Ondo InsurTech Price Performance

The company has a market cap of £4.85 million, a PE ratio of -0.54 and a beta of 0.85. The stock’s 50-day moving average is GBX 12.78 and its 200 day moving average is GBX 19.60.

Ondo InsurTech Company Profile

(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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