Ondo InsurTech (LON:ONDO) Stock Price Up 11.1% – Still a Buy?

Shares of Ondo InsurTech Plc (LON:ONDO) shot up 11.1% during trading on Tuesday . The stock traded as high as GBX 7.14 and last traded at GBX 6.80. 5,672,833 shares were traded during mid-day trading, an increase of 217% from the average session volume of 1,790,526 shares. The stock had previously closed at GBX 6.12.

Ondo InsurTech Stock Performance

The firm has a market capitalization of £10.19 million, a PE ratio of -1.13 and a beta of 0.85. The company’s fifty day moving average price is GBX 4.31 and its two-hundred day moving average price is GBX 12.91.

Insider Buying and Selling

In other Ondo InsurTech news, insider Craig Foster sold 947,517 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of GBX 4, for a total transaction of £37,900.68. Also, insider Graham Bird purchased 34,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was bought at an average price of GBX 6 per share, with a total value of £2,040. In the last three months, insiders have purchased 54,554 shares of company stock valued at $299,068. Corporate insiders own 9.08% 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.