Ondo InsurTech (LON:ONDO) Announces Quarterly Earnings Results

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

Ondo InsurTech Stock Performance

Ondo InsurTech stock opened at GBX 8.26 on Friday. Ondo InsurTech has a fifty-two week low of GBX 2.80 and a fifty-two week high of GBX 35. The stock has a market cap of £12.37 million, a P/E ratio of -1.37 and a beta of 0.85. The firm’s fifty day moving average price is GBX 5.40 and its 200-day moving average price is GBX 10.59.

Insider Buying and Selling

In other news, insider Greig Paterson bought 612,278 shares of the business’s stock in a transaction on Friday, July 10th. The stock was acquired at an average price of GBX 3 per share, with a total value of £18,368.34. Also, insider Kevin Withington purchased 282,468 shares of Ondo InsurTech stock in a transaction on Friday, July 10th. The shares were acquired at an average price of GBX 3 per share, for a total transaction of £8,474.04. Insiders bought 5,362,958 shares of company stock valued at $16,216,580 in the last three months. 9.20% of the stock is 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.