Ondo InsurTech (LON:ONDO) Stock Price Down 0.5% on Insider Selling

Ondo InsurTech Plc (LON:ONDO) shares fell 0.5% on Friday after an insider sold shares in the company. The stock traded as low as GBX 21.61 ($0.29) and last traded at GBX 21.63 ($0.29). 1,178,256 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 646,079 shares. The stock had previously closed at GBX 21.75 ($0.29).

Specifically, insider Andrew John Gowdy Morrison sold 200,000 shares of Ondo InsurTech stock in a transaction on Thursday, June 19th. The stock was sold at an average price of GBX 21 ($0.28), for a total value of £42,000 ($56,481.98).

Ondo InsurTech Stock Performance

The stock has a fifty day moving average price of GBX 27.36 and a 200-day moving average price of GBX 33.25. The firm has a market capitalization of £26.77 million, a PE ratio of -7.29 and a beta of 0.85.

Ondo InsurTech Company Profile

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.