Ondo InsurTech (LON:ONDO) Trading Up 3.3% – What’s Next?

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

Ondo InsurTech Trading Up 3.3%

The firm has a market capitalization of £43.73 million, a P/E ratio of -5.83 and a beta of 0.85. The business has a 50 day moving average of GBX 31.34 and a 200-day moving average of GBX 27.98.

About Ondo InsurTech

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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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