Ondo InsurTech (LON:ONDO) Sets New 12-Month Low – Here’s What Happened

Ondo InsurTech Plc (LON:ONDO) shares hit a new 52-week low on Friday . The stock traded as low as GBX 2.80 and last traded at GBX 3, with a volume of 135752 shares trading hands. The stock had previously closed at GBX 3.

Ondo InsurTech Price Performance

The stock has a market cap of £4.49 million, a P/E ratio of -0.50 and a beta of 0.85. The firm’s 50-day moving average is GBX 6.75 and its two-hundred day moving average is GBX 14.88.

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.