Ondo InsurTech (LON:ONDO) Trading 13.8% Higher – What’s Next?

Shares of Ondo InsurTech Plc (LON:ONDO) were up 13.8% during trading on Monday . The stock traded as high as GBX 34.70 ($0.45) and last traded at GBX 34.70 ($0.45). Approximately 1,752,032 shares were traded during mid-day trading, an increase of 191% from the average daily volume of 601,084 shares. The stock had previously closed at GBX 30.50 ($0.39).

Ondo InsurTech Stock Up 13.8 %

The firm has a 50-day moving average price of GBX 36.10 and a two-hundred day moving average price of GBX 29.75. The firm has a market cap of £42.94 million, a PE ratio of -11.70 and a beta of 0.85.

Insider Buying and Selling

In other news, insider Craig Foster sold 105,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of GBX 36 ($0.47), for a total transaction of £37,800 ($48,875.10). Insiders own 25.01% of the company’s stock.

About Ondo InsurTech

Ondo InsurTech Plc is a world-leading provider of claims prevention technology for home insurers. Ondo’s focus is on the global scale-up of LeakBot, technology that prevents water damage claims in homes. Water damage is the single biggest cause of home insurance claims, accounting for $17 billion annually in the USA and UK combined.