Ondo InsurTech Plc (LON:ONDO – Get Free Report)’s share price traded down 15% during mid-day trading on Wednesday . The company traded as low as GBX 25 and last traded at GBX 25.50. 4,289,038 shares changed hands during trading, an increase of 517% from the average session volume of 695,629 shares. The stock had previously closed at GBX 30.
Ondo InsurTech Stock Down 0.1%
The stock’s 50-day moving average price is GBX 31.02 and its 200 day moving average price is GBX 28.02. The firm has a market capitalization of £32.60 million, a price-to-earnings ratio of -4.35 and a beta of 0.85.
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.
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