Ondo InsurTech (LON:ONDO) Posts Quarterly Earnings Results

Ondo InsurTech (LON:ONDO) released its quarterly earnings data on Thursday. The company reported GBX (510) EPS for the quarter, Digital Look Earnings reports. Ondo InsurTech had a positive return on equity of 61.11% and a negative net margin of 177.08%.

Ondo InsurTech Trading Up 16.0%

Shares of ONDO opened at GBX 8.70 on Friday. The stock has a market cap of £13.03 million, a P/E ratio of -1.44 and a beta of 0.85. The company has a 50-day moving average of GBX 5.33 and a two-hundred day moving average of GBX 10.61. Ondo InsurTech has a 12-month low of GBX 2.80 and a 12-month high of GBX 35.

Insider Buying and Selling

In other Ondo InsurTech news, insider Craig Foster acquired 988,639 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was acquired at an average cost of GBX 3 per share, with a total value of £29,659.17. Also, insider Greig Paterson acquired 612,278 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The shares were bought at an average price of GBX 3 per share, with a total value of £18,368.34. Over the last ninety days, insiders have bought 5,362,958 shares of company stock valued at $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.