Ondo InsurTech Plc (LON:ONDO – Get Free Report) shares fell 7% during trading on Tuesday . The company traded as low as GBX 3.80 and last traded at GBX 4. 424,503 shares changed hands during trading, a decline of 64% from the average session volume of 1,177,796 shares. The stock had previously closed at GBX 4.30.
Ondo InsurTech Trading Up 2.7%
The stock has a market cap of £5.69 million, a price-to-earnings ratio of -0.63 and a beta of 0.85. The firm’s 50 day moving average is GBX 9.26 and its two-hundred day moving average is GBX 17.07.
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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