Ondo InsurTech (LON:ONDO) Sets New 12-Month High – Still a Buy?

Ondo InsurTech Plc (LON:ONDO)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 44 ($0.55) and last traded at GBX 39.80 ($0.50), with a volume of 2427694 shares changing hands. The stock had previously closed at GBX 38 ($0.48).

Ondo InsurTech Stock Performance

The business’s 50-day moving average is GBX 38.14 and its two-hundred day moving average is GBX 25.20. The stock has a market capitalization of £47.27 million, a PE ratio of -12.88 and a beta of 0.85.

Ondo InsurTech (LON:ONDO) last posted its quarterly earnings data on Tuesday, December 3rd. The company reported GBX (2.24) (($0.03)) earnings per share for the quarter. Ondo InsurTech had a negative net margin of 118.06% and a positive return on equity of 40.48%.

Ondo InsurTech Company Profile

Ondo InsurTech Plc is on a mission to become the world’s leading provider of claims prevention technology for home insurers. Ondo’s focus is on the global scale-up of LeakBot – an end-to-end internet of things solution which protects homes from the impact of water damage. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined.