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

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

Ondo InsurTech Trading Down 0.9%

The firm has a market cap of £4.46 million, a PE ratio of -0.49 and a beta of 0.85. The business’s 50-day simple moving average is GBX 5.39 and its 200 day simple moving average is GBX 13.82.

About Ondo InsurTech

(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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