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Ondine Biomedical (LON:OBI) Trading Down 2.4% - Time to Sell?

Ondine Biomedical logo with Medical background

Ondine Biomedical Inc. (LON:OBI - Get Free Report) traded down 2.4% during trading on Wednesday . The company traded as low as C$10.00 and last traded at C$10.00. 6,261 shares were traded during mid-day trading, a decline of 98% from the average session volume of 313,582 shares. The stock had previously closed at C$10.25.

Ondine Biomedical Price Performance

The stock has a market cap of C$71.90 million, a price-to-earnings ratio of -3.01 and a beta of 0.10. The company has a debt-to-equity ratio of 25.95, a current ratio of 1.36 and a quick ratio of 8.26. The stock's 50 day simple moving average is C$11.26 and its two-hundred day simple moving average is C$8.98.

Insider Transactions at Ondine Biomedical

In related news, insider Carolyn Cross acquired 149,225 shares of the stock in a transaction dated Monday, February 3rd. The shares were bought at an average cost of C$13.00 per share, for a total transaction of C$1,939,925.00. 36.69% of the stock is owned by insiders.

About Ondine Biomedical

(Get Free Report)

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.

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