Ondine Biomedical (LON:OBI) Stock Price Down 2.4% – Should You Sell?

Ondine Biomedical Inc. (LON:OBI)’s share price was down 2.4% during trading on Friday . The company traded as low as C$13.05 and last traded at C$13.43. 450,866 shares traded hands during trading, an increase of 4% from the average session volume of 434,064 shares. The stock had previously closed at C$13.75.

Ondine Biomedical Price Performance

The company has a market cap of C$6.97 billion, a price-to-earnings ratio of -1.92 and a beta of 0.32. The company’s 50 day moving average price is C$14.28 and its 200 day moving average price is C$11.98. The company has a current ratio of 1.23, a quick ratio of 8.26 and a debt-to-equity ratio of 11.85.

Ondine Biomedical Company Profile

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.