Shares of Ondo InsurTech Plc (LON:ONDO – Get Free Report) shot up 17.7% during trading on Monday . The stock traded as high as GBX 3.68 and last traded at GBX 3.50. Approximately 4,778,330 shares traded hands during mid-day trading, an increase of 326% from the average session volume of 1,122,615 shares. The stock had previously closed at GBX 2.97.
Ondo InsurTech Price Performance
The company’s 50 day simple moving average is GBX 5.39 and its 200 day simple moving average is GBX 13.70. The firm has a market cap of £5.24 million, a price-to-earnings ratio of -0.58 and a beta of 0.85.
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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