Ondo InsurTech Plc (LON:ONDO – Get Free Report)’s share price hit 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 trading hands. The stock had previously closed at GBX 15.74.
Ondo InsurTech Stock Performance
The company has a 50-day moving average price of GBX 17.59 and a 200-day moving average price of GBX 24.87. The firm has a market capitalization of £23.30 million, a P/E ratio of -2.58 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.
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