Ondine Biomedical (LON:OBI) Reaches New 12-Month Low – Here’s What Happened

Shares of Ondine Biomedical Inc. (LON:OBI) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$7.50 and last traded at C$8.00, with a volume of 10039 shares traded. The stock had previously closed at C$8.00.

Ondine Biomedical Price Performance

The company has a current ratio of 1.36, a quick ratio of 8.26 and a debt-to-equity ratio of 25.95. The firm has a 50 day moving average price of C$10.12 and a 200-day moving average price of C$12.74. The firm has a market cap of C$4.15 billion, a price-to-earnings ratio of -1.14 and a beta of 0.10.

About Ondine Biomedical

Ondine Biomedical is a life sciences company leading the charge in breakthrough photodisinfection-based therapies to prevent and treat serious infections, including those caused by existing, emerging, and antimicrobial-resistant pathogens.

Our vision is a world free from infections. We have created a patented, platform technology (photodisinfection) to provide simple solutions to complex infections across different therapeutic areas in healthcare and industry settings. We are focused on solutions that address significant needs, are easy to deploy, are environmentally safe, provide substantial public health benefits, and cost a fraction of the infections they target.

Our photodisinfection technology has been used successfully for many years in more than 100,000 patient treatments in hospitals, clinics, and industrial settings across Canada.