Ondine Biomedical (LON:OBI) Stock Price Down 4% – Here’s What Happened

Ondine Biomedical Inc. (LON:OBIGet Free Report)’s share price fell 4% on Tuesday . The company traded as low as GBX 6 ($0.08) and last traded at GBX 6 ($0.08). 26,019 shares changed hands during trading, a decline of 90% from the average session volume of 258,805 shares. The stock had previously closed at GBX 6.25 ($0.08).

Ondine Biomedical Stock Performance

The stock’s fifty day moving average price is GBX 6.73 and its two-hundred day moving average price is GBX 7.25. The company has a debt-to-equity ratio of 1,847.37, a quick ratio of 8.26 and a current ratio of 0.80. The company has a market cap of £17.68 million, a P/E ratio of -208.33 and a beta of 0.10.

About Ondine Biomedical

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Ondine Biomedical Inc, a Life sciences company, engages in the research, development, and commercialization of antimicrobial photodisinfection therapies in Canada and internationally. Its product platform is Photodisinfection, a topical light-based antimicrobial technology that eliminates harmful pathogens.

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