Ondo InsurTech (LON:ONDO) Releases Quarterly Earnings Results

Ondo InsurTech (LON:ONDO) posted its earnings results on Thursday. The company reported GBX (510) EPS for the quarter, Digital Look Earnings reports. Ondo InsurTech had a positive return on equity of 61.11% and a negative net margin of 177.08%.

Ondo InsurTech Stock Performance

Shares of LON ONDO traded down GBX 0.10 during midday trading on Thursday, reaching GBX 7.50. 2,540,566 shares of the company traded hands, compared to its average volume of 1,885,829. The firm has a market cap of £11.24 million, a PE ratio of -1.24 and a beta of 0.85. The stock’s 50-day simple moving average is GBX 5.26 and its 200-day simple moving average is GBX 10.69. Ondo InsurTech has a 12 month low of GBX 2.80 and a 12 month high of GBX 35.

Insiders Place Their Bets

In other news, insider James Quin purchased 260,252 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was purchased at an average cost of GBX 3 per share, with a total value of £7,807.56. Also, insider Kevin Withington purchased 282,468 shares of Ondo InsurTech stock in a transaction on Friday, July 10th. The stock was purchased at an average price of GBX 3 per share, for a total transaction of £8,474.04. Insiders have purchased 5,370,658 shares of company stock worth $16,247,380 in the last quarter. 9.20% of the stock is owned by corporate insiders.

About Ondo InsurTech

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. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to ‘find and fix’ the problem.