Ondo InsurTech (LON:ONDO – Get Free Report) 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 positive return on equity of 61.11% and a negative net margin of 177.08%.
Ondo InsurTech Stock Performance
Shares of ONDO traded down GBX 0.10 during trading hours on Thursday, reaching GBX 7.50. 2,540,566 shares of the company traded hands, compared to its average volume of 1,885,829. The stock’s fifty day moving average is GBX 5.26 and its 200 day moving average is GBX 10.69. The stock has a market cap of £11.24 million, a P/E ratio of -1.24 and a beta of 0.85. Ondo InsurTech has a 1-year low of GBX 2.80 and a 1-year high of GBX 35.
Insiders Place Their Bets
In other news, insider Graham Bird bought 1,173,418 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were acquired at an average cost of GBX 3 per share, with a total value of £35,202.54. Also, insider Craig Foster purchased 988,639 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were purchased at an average price of GBX 3 per share, for a total transaction of £29,659.17. Insiders have purchased 5,370,658 shares of company stock valued at $16,247,380 in the last quarter. 9.20% of the stock is currently owned by 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.
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