Ondo InsurTech (LON:ONDO) Sets New 1-Year Low – Here’s Why

Ondo InsurTech Plc (LON:ONDO)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 2.80 and last traded at GBX 3, with a volume of 409828 shares changing hands. The stock had previously closed at GBX 3.

Ondo InsurTech Price Performance

The firm has a market cap of £4.49 million, a P/E ratio of -0.50 and a beta of 0.85. The firm has a fifty day moving average of GBX 5.84 and a 200-day moving average of GBX 14.09.

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.