Ondo InsurTech (LON:ONDO) Reaches New 1-Year Low – Here’s Why

Ondo InsurTech Plc (LON:ONDO)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 15.50 and last traded at GBX 15.55, with a volume of 52890 shares traded. The stock had previously closed at GBX 15.74.

Ondo InsurTech Price Performance

The company has a market cap of £22.85 million, a price-to-earnings ratio of -2.53 and a beta of 0.85. The business’s fifty day moving average price is GBX 17.39 and its 200 day moving average price is GBX 24.66.

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.