Ondo InsurTech Plc (LON:ONDO – Get Free Report)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 17 and last traded at GBX 17.40, with a volume of 1527419 shares. The stock had previously closed at GBX 19.50.
Ondo InsurTech Trading Down 10.8%
The firm’s 50-day simple moving average is GBX 24.61 and its 200 day simple moving average is GBX 27.47. The stock has a market cap of £26.01 million, a P/E ratio of -2.89 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.
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