Ondo InsurTech (LON:ONDO) Stock Price Up 2.8% – Time to Buy?

Ondo InsurTech Plc (LON:ONDO)’s share price traded up 2.8% during trading on Tuesday. The stock traded as high as GBX 7.40 and last traded at GBX 7.40. Approximately 50,913 shares changed hands during trading, a decline of 97% from the average daily volume of 1,673,712 shares. The stock had previously closed at GBX 7.20.

Ondo InsurTech Price Performance

The firm has a market cap of £17.40 million, a price-to-earnings ratio of -1.38 and a beta of 0.21. The business’s 50-day moving average price is GBX 6.56 and its two-hundred day moving average price is GBX 9.50.

Ondo InsurTech (LON:ONDO) last posted its quarterly earnings results on Thursday, July 30th. The company reported GBX (510) EPS for the quarter. Ondo InsurTech had a positive return on equity of 90.48% and a negative net margin of 154.51%.

Insider Transactions at Ondo InsurTech

In other news, insider Greig Paterson sold 692,278 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of GBX 6, for a total transaction of £41,536.68. Insiders have bought a total of 9,264 shares of company stock valued at $59,930 over the last quarter. Company insiders own 7.76% of the company’s stock.

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.