Ondo InsurTech (LON:ONDO) Sets New 1-Year Low – Should You Sell?

Ondo InsurTech Plc (LON:ONDO) shares hit a new 52-week low on Wednesday . The stock traded as low as GBX 3.50 and last traded at GBX 3.73, with a volume of 1307384 shares trading hands. The stock had previously closed at GBX 3.63.

Ondo InsurTech Stock Up 2.9%

The firm has a market capitalization of £5.59 million, a price-to-earnings ratio of -0.62 and a beta of 0.85. The company’s 50 day moving average is GBX 14.13 and its 200 day moving average is GBX 20.57.

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.