Ondo InsurTech Plc (LON:ONDO – Get Free Report)’s stock price traded up 17.7% during mid-day trading on Monday . The company traded as high as GBX 3.68 and last traded at GBX 3.50. 4,778,330 shares traded hands during trading, an increase of 326% from the average daily volume of 1,122,615 shares. The stock had previously closed at GBX 2.97.
Ondo InsurTech Stock Up 17.7%
The company’s 50-day moving average price is GBX 5.39 and its 200-day moving average price is GBX 13.70. The firm has a market cap of £5.24 million, a price-to-earnings ratio of -0.58 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. 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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