Ondo InsurTech (LON:ONDO) Insider Buys 260,252 Shares of Stock

Ondo InsurTech Plc (LON:ONDO – Get Free Report) insider James Quin purchased 260,252 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were purchased at an average cost of GBX 3 per share, for a total transaction of £7,807.56.

Ondo InsurTech Trading Up 3.8%

Shares of Ondo InsurTech stock opened at GBX 6.02 on Friday. The firm has a market cap of £9.02 million, a P/E ratio of -1.00 and a beta of 0.85. Ondo InsurTech Plc has a 12 month low of GBX 2.80 and a 12 month high of GBX 35. The stock’s fifty day moving average price is GBX 4.25 and its 200-day moving average price is GBX 12.09.

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About Ondo InsurTech

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Ondo is a world leading provider of claims prevention technology for home insurers. Ondo’s focus is on the global scale-up of LeakBot – claims prevention technology that prevents water damage claims in houses. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to ‘find and fix’ the problem.

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