Ondo InsurTech Plc (LON:ONDO – Get Free Report) shares dropped 0.5% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as GBX 21.61 ($0.29) and last traded at GBX 21.63 ($0.29). Approximately 1,178,256 shares were traded during mid-day trading, an increase of 82% from the average daily 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 the business’s stock in a transaction dated 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 Down 0.5%
The firm has a market cap of £26.77 million, a PE ratio of -7.29 and a beta of 0.85. The firm has a 50-day moving average price of GBX 27.36 and a two-hundred day moving average price of GBX 33.26.
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.
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