Ondo InsurTech Plc (LON:ONDO – Get Free Report)’s stock price dropped 6.4% on Thursday . The stock traded as low as GBX 3.30 and last traded at GBX 3.46. Approximately 786,676 shares traded hands during trading, a decline of 31% from the average daily volume of 1,146,312 shares. The stock had previously closed at GBX 3.70.
Ondo InsurTech Price Performance
The company has a market capitalization of £4.92 million, a P/E ratio of -0.54 and a beta of 0.85. The company has a fifty day moving average price of GBX 11.68 and a two-hundred day moving average price of GBX 18.88.
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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