Ondo InsurTech (LON:ONDO – Get Free Report) posted its earnings results on Thursday. The company reported GBX (510) 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 Down 1.3%
Shares of LON ONDO traded down GBX 0.10 during midday trading on Thursday, reaching GBX 7.50. 2,540,566 shares of the company’s stock traded hands, compared to its average volume of 1,885,829. The company has a market cap of £11.24 million, a price-to-earnings ratio of -1.24 and a beta of 0.85. The stock’s 50 day simple moving average is GBX 5.26 and its 200-day simple moving average is GBX 10.69. Ondo InsurTech has a one year low of GBX 2.80 and a one year high of GBX 35.
Insider Buying and Selling
In related news, insider Kevin Withington bought 282,468 shares of the stock in a transaction on Friday, July 10th. The stock was bought at an average price of GBX 3 per share, for a total transaction of £8,474.04. Also, insider Gregory (Mark) Mark Wood bought 1,999,049 shares of the company’s stock in a transaction on Friday, July 10th. The shares were bought at an average cost of GBX 3 per share, for a total transaction of £59,971.47. Insiders have purchased a total of 5,370,658 shares of company stock valued at $16,247,380 over the last ninety days. Company insiders own 9.20% 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.
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