Waterdrop (NYSE:WDH) Shares Down 4.8% – Here’s Why

Waterdrop Inc. (NYSE:WDHGet Free Report)’s share price traded down 4.8% during trading on Friday . The stock traded as low as $1.08 and last traded at $1.08. 442,574 shares were traded during mid-day trading, an increase of 69% from the average session volume of 262,319 shares. The stock had previously closed at $1.14.

Waterdrop Stock Performance

The firm’s 50-day moving average is $1.14 and its 200 day moving average is $1.14. The firm has a market capitalization of $399.77 million, a PE ratio of 9.00 and a beta of -0.23.

Waterdrop Company Profile

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Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.

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