Ondo InsurTech Plc (LON:ONDO – Get Free Report) shares rose 11.1% on Tuesday . The stock traded as high as GBX 7.14 and last traded at GBX 6.80. Approximately 5,672,833 shares changed hands during mid-day trading, an increase of 217% from the average session volume of 1,790,526 shares. The stock had previously closed at GBX 6.12.
Ondo InsurTech Trading Up 11.1%
The company has a 50-day moving average of GBX 4.31 and a 200-day moving average of GBX 12.91. The firm has a market capitalization of £10.19 million, a price-to-earnings ratio of -1.13 and a beta of 0.85.
Insider Activity
In related news, insider Craig Foster sold 947,517 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of GBX 4, for a total transaction of £37,900.68. Also, insider Graham Bird bought 34,000 shares of the stock in a transaction dated Thursday, June 25th. The shares were bought at an average cost of GBX 6 per share, with a total value of £2,040. Insiders bought a total of 54,554 shares of company stock valued at $299,068 over the last ninety days. Company insiders own 9.08% of the company’s stock.
About Ondo InsurTech
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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