Ondine Biomedical (LON:OBI) Hits New 1-Year Low – What’s Next?

Ondine Biomedical Inc. (LON:OBI) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$8.00 and last traded at C$8.00, with a volume of 568241 shares trading hands. The stock had previously closed at C$8.75.

Ondine Biomedical Stock Down 8.6%

The company’s 50 day moving average is C$10.80 and its 200 day moving average is C$13.03. The company has a market cap of C$4.15 billion, a PE ratio of -1.14 and a beta of 0.10. The company has a current ratio of 1.36, a quick ratio of 8.26 and a debt-to-equity ratio of 25.95.

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.