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

Shares of Ondine Biomedical Inc. (LON:OBIGet Free Report) were down 4% during mid-day trading on Tuesday . The company traded as low as GBX 6 ($0.08) and last traded at GBX 6 ($0.08). Approximately 26,019 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 258,805 shares. The stock had previously closed at GBX 6.25 ($0.08).

Ondine Biomedical Stock Up 3.3 %

The company has a market cap of £17.19 million, a P/E ratio of -200.00 and a beta of 0.10. The company has a debt-to-equity ratio of 1,847.37, a current ratio of 0.80 and a quick ratio of 8.26. The company has a 50 day moving average of GBX 6.80 and a 200-day moving average of GBX 7.28.

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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