Ondo InsurTech (LON:ONDO) Reaches New 12-Month Low – Should You Sell?

Ondo InsurTech Plc (LON:ONDOGet Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as GBX 19.13 and last traded at GBX 19.50, with a volume of 543489 shares traded. The stock had previously closed at GBX 19.70.

Ondo InsurTech Stock Performance

The company’s 50 day moving average price is GBX 25.80 and its 200-day moving average price is GBX 27.60. The company has a market cap of £29.15 million, a price-to-earnings ratio of -3.23 and a beta of 0.85.

About Ondo InsurTech

(Get Free Report)

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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