Ondo InsurTech Plc (LON:ONDO – Get Free Report)’s stock price was down 7% during trading on Tuesday . The stock traded as low as GBX 3.80 and last traded at GBX 4. Approximately 424,503 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 1,177,796 shares. The stock had previously closed at GBX 4.30.
Ondo InsurTech Stock Performance
The firm has a market cap of £5.75 million, a PE ratio of -0.64 and a beta of 0.85. The stock has a 50 day simple moving average of GBX 9.73 and a two-hundred day simple moving average of GBX 17.44.
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.
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