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

Ondo InsurTech Plc (LON:ONDOGet Free Report) shares hit 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 firm’s fifty day simple moving average is GBX 11.68 and its 200 day simple moving average is GBX 18.88. The company has a market capitalization of £5.54 million, a price-to-earnings ratio of -0.61 and a beta of 0.85.

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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