Ondo InsurTech (LON:ONDO) Reaches New 52-Week Low – Here’s What Happened

Shares of Ondo InsurTech Plc (LON:ONDO) reached a new 52-week low on Monday . The stock traded as low as GBX 14 and last traded at GBX 14.85, with a volume of 395929 shares changing hands. The stock had previously closed at GBX 14.25.

Ondo InsurTech Trading Up 4.2%

The company has a 50 day moving average of GBX 16 and a 200 day moving average of GBX 22.61. The firm has a market cap of £22.25 million, a price-to-earnings ratio of -2.46 and a beta of 0.85.

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.