Ondo InsurTech (LON:ONDO) Shares Up 11.1% – What’s Next?

Ondo InsurTech Plc (LON:ONDO) shares shot up 11.1% during trading on Tuesday . The company traded as high as GBX 7.14 and last traded at GBX 6.80. Approximately 5,672,833 shares traded hands during 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 2.0%

The firm has a market capitalization of £10.24 million, a PE ratio of -1.13 and a beta of 0.85. The company has a fifty day moving average price of GBX 3.99 and a two-hundred day moving average price of GBX 12.70.

Insider Activity at Ondo InsurTech

In other news, insider Graham Bird acquired 34,000 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was acquired at an average cost of GBX 6 per share, with a total value of £2,040. Also, insider Craig Foster sold 947,517 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of GBX 4, for a total value of £37,900.68. In the last ninety days, insiders have acquired 54,554 shares of company stock worth $299,068. 9.08% of the stock is currently owned by corporate insiders.

Ondo InsurTech Company Profile

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.