Ondo InsurTech (LON:ONDO) Stock Price Up 3.3% – Time to Buy?

Ondo InsurTech Plc (LON:ONDOGet Free Report) shares were up 3.3% during mid-day trading on Tuesday . The company traded as high as GBX 31.80 and last traded at GBX 31.50. Approximately 627,390 shares traded hands during trading, a decline of 8% from the average daily volume of 681,987 shares. The stock had previously closed at GBX 30.50.

Ondo InsurTech Stock Performance

The company has a market capitalization of £43.73 million, a price-to-earnings ratio of -5.83 and a beta of 0.85. The company has a 50-day moving average price of GBX 31.34 and a 200-day moving average price of GBX 27.98.

Ondo InsurTech Company Profile

(Get Free Report)

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.

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