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Ondine Biomedical (LON:OBI) Hits New 1-Year High - What's Next?

Ondine Biomedical logo with Medical background

Ondine Biomedical Inc. (LON:OBI - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as C$13.38 and last traded at C$12.75, with a volume of 650213 shares traded. The stock had previously closed at C$11.00.

Ondine Biomedical Trading Up 15.9%

The company's fifty day simple moving average is C$9.07 and its two-hundred day simple moving average is C$9.73. The company has a quick ratio of 8.26, a current ratio of 1.36 and a debt-to-equity ratio of 25.95. The company has a market capitalization of C$91.67 million, a price-to-earnings ratio of -3.84 and a beta of 0.10.

Ondine Biomedical Company Profile

(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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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