Ondo InsurTech (LON:ONDO) Trading Down 12.6% – Should You Sell?

Ondo InsurTech Plc (LON:ONDO)’s share price was down 12.6% during mid-day trading on Monday . The stock traded as low as GBX 5 and last traded at GBX 6.12. 5,454,963 shares traded hands during trading, an increase of 210% from the average session volume of 1,758,703 shares. The stock had previously closed at GBX 7.

Ondo InsurTech Price Performance

The stock has a market capitalization of £9.17 million, a P/E ratio of -1.01 and a beta of 0.85. The stock’s 50-day simple moving average is GBX 4.48 and its 200 day simple moving average is GBX 13.02.

Insider Activity at Ondo InsurTech

In other Ondo InsurTech news, insider Graham Bird bought 34,000 shares of Ondo InsurTech stock in a transaction dated Thursday, June 25th. The stock was bought at an average price of GBX 6 per share, with a total value of £2,040. Also, insider Craig Foster sold 947,517 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of GBX 4, for a total transaction of £37,900.68. Over the last three months, insiders have purchased 54,554 shares of company stock valued at $299,068. 9.08% of the stock is currently owned by 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.