Ondine Biomedical (LON:OBI) Trading Up 2% – Still a Buy?

Ondine Biomedical Inc. (LON:OBIGet Free Report)’s stock price traded up 2% during trading on Monday . The company traded as high as GBX 8 ($0.10) and last traded at GBX 7.75 ($0.10). 250,062 shares were traded during mid-day trading, a decline of 21% from the average session volume of 317,272 shares. The stock had previously closed at GBX 7.60 ($0.10).

Ondine Biomedical Stock Performance

The business’s 50 day simple moving average is GBX 7.66 and its two-hundred day simple moving average is GBX 7.52. The firm has a market capitalization of £21.49 million, a PE ratio of -258.33 and a beta of 0.10. The company has a current ratio of 0.80, a quick ratio of 8.26 and a debt-to-equity ratio of 1,847.37.

Ondine Biomedical Company Profile

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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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