Shares of Ondas Holdings Inc (NASDAQ: ONDS) fell 5.57% or $ 0.46 per share, closing at $ 7.80 on Friday. After the opening of the day at $ 8.22, shares of Ondas fluctuated between $ 8.40 and $ 7.78. 942,176 shares traded on hand increased from their 30-day average of 419,139. Friday’s business brought Ondas’ market capitalization to $ 309,401,711.
About Ondas Holdings Inc.
Ondas Holdings Inc., through its wholly-owned subsidiary, Ondas Networks Inc., is a developer of privately licensed wireless data networks for critical industrial markets. The company designs and manufactures its multi-patented, software-defined radio (SDR) application platform for mission-critical IoT (MC-IoT) applications. Ondas Networks’ end customers include utilities, oil and gas, transportation and government, whose requirements cover a wide range of critical applications that require secure communication in large and diverse geographical areas, many of which are in challenging radio frequency environments. Customers use the Company’s SDR technology to deploy their own privately licensed broadband wireless networks. The company also offers critical entities the ability to manage a network service. Ondas Networks’ SDR technology supports IEEE 802.16s, the new global standard for privately licensed industrial networks in a wide range.
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