Ondo InsurTech (LON:ONDO) Trading Up 12% – What’s Next?

Ondo InsurTech Plc (LON:ONDO) shares shot up 12% on Wednesday . The stock traded as high as GBX 8 and last traded at GBX 7.84. 1,700,149 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 1,881,282 shares. The stock had previously closed at GBX 7.

Ondo InsurTech Price Performance

The stock has a market capitalization of £13.03 million, a P/E ratio of -1.44 and a beta of 0.85. The company has a fifty day moving average of GBX 5.33 and a two-hundred day moving average of GBX 10.61.

Ondo InsurTech (LON:ONDO) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX (510) earnings per share (EPS) for the quarter. Ondo InsurTech had a positive return on equity of 61.11% and a negative net margin of 177.08%.

Insider Buying and Selling at Ondo InsurTech

In other news, insider Gregory (“Mark”) Mark Wood purchased 1,999,049 shares of Ondo InsurTech stock in a transaction dated Friday, July 10th. The stock was bought at an average price of GBX 3 per share, with a total value of £59,971.47. Also, insider Kevin Withington purchased 282,468 shares of the stock in a transaction dated Friday, July 10th. The shares were purchased at an average price of GBX 3 per share, with a total value of £8,474.04. Over the last ninety days, insiders have acquired 5,362,958 shares of company stock worth $16,216,580. 9.20% of the stock is owned by company insiders.

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.